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LEP Product Setup Manual

1. sese 8 5 8 3 5 Authorizing Management Fee Applicability ssesssssss 8 5 8 3 6 Amending Management Fee Applicability esses 8 5 8 3 7 Authorizing Amended Management Fee Applicability 8 6 General Ledger Set Up nnnnnnnnnnnnnnaaaanaanaannnnnnnnnnnnnnnnnnnnnnna 9 1 9 1 InttOG tions coire er eut RR EE EE N 9 1 Cash Management Account cccccteeeeeeeeeeeeeeeeeneeeeeeeeeeneeeeeeeeeeeeeeeeeneees 10 1 10 1 Introduction 2 tee tbe ep dai ah eie 10 1 10 1 1 GMA Operations en e RR EROR FORI AMARE RES 10 1 10 1 2 Operating CMA Generate Switch Transaction Batch 10 3 Prudential Investment Guidelines RE RR EE EE 11 1 1 1 Introduction nce asud RR t Redi MEN 11 1 11 1 1 Maintaining Prudential Investment Guidelines sess 11 2 11 1 2 INVOKING Screen aiit DU RE EO RE 11 2 11 1 3 Fields in PIGSFOREX Compliance Screen sss 11 3 11 2 PIGSFOREX Compliance Summary Screen ees see ee ees se ee ee ee ee ke ee ee ee ee 11 4 11 2 1 Retrieving PIGSFOREX Compliance in PIGSFOREX Compliance Screen 11 4 11 2 2 Editing PIGSFOREX Compliance essen 11 5 11 2 3 Viewing PIGSFOREX Compliance sess 11 5 11 2 4 Deleting PIGSFOREX Compliance sss 11 6 11 2 5 Authorizing PIGS
2. 4 4 2 1 4 5 4 5 1 Sub Type Mapping Section Sub Type If you have activated Product Transaction sub type mapping then the sub types applicable for particular transaction types are defaulted populated from available for the transaction sub types maintained as part of Product Transaction sub type screen Otherwise the sub types are populated from Transaction sub type screen For system generated transaction sub types FLEXCUBE defaults the values entered Product Transaction Sub Type Mapping Summary Invoke the Product Sub Type Mapping Summary screen by typing LESPRSUB in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Product Sub Type Mapping Summary Authorized Open Product ID a Ref Type Advanced Search Records per page 15 v Authorized Product ID RefType Product Name Product Short Name Retrieving Product Transaction Sub Type Mapping You can retrieve a previously entered record in the Summary screen as follows 1 Invoke the Product Transaction Sub Type Mapping Summary screen from the Browser 2 Select the status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved 3 Select the status of the record in the Open field If you choose the Blank Space option then all the records are retrieved 4 Product ID 5 RefType After you
3. e Holdings subscription price as on that date e The current days transaction value Include Reinvestments for ROA Indicate whether the reinvestments affect the ROA calculation Cash Management Account Applicability Select Yes if you want to make the Cash Management Account feature available in this product else select No If you have chosen this option you need to also specify your choices for CMA Fund Restrict CMA for Initial Investments and Redeem Periodic Fee from CMA Fund This lays the rules for the operation of the CMA Fund CMA Fund Specify a fund to be the CMA fund You can select from the option list Restrict CMA for Initial Investments Select Yes if you wish to restrict initial investments for the CMA Fund Else select No Redeem Periodic Fee from CMA Fund Select Yes if you want the system to treat the specified CMA fund as the preferred fund for periodic fee redemptions Else select No If you have chosen this option then system would treat CMA Fund as preferred fund for periodic fee redemptions provided no preferred fund is selected at Policy Level s ORACLE 4 2 2 2 Refer the section Annexure for CMA in the chapter Policy in this User Manual for details on the operation of Cash Management Account Specifying Additional Investments Details Click Additional Inv tab to enter the details Product Maintenance Detail New 433 Enter
4. Minimum Initial Investment Numeric Optional Specify the minimum amount that a Policy Holder has to contribute to hold a policy in this Product at the time of policy creation Maximum Initial Investment Numeric Optional Specify the maximum amount that a Policy Holder can invest while making an initial investment in a policy in this Product Note The Policy Holder can top up the policy later if additional investment is allowed for the Product The same can be indicated through the screen that is invoked when you click on the Additional Investments link The same is explained in subsequent sections Tax Deductible Contributions Allowed Mandatory This field will be enabled only if for the Product you have selected the option IRA Enabled Select Yes to indicate tax deductible contributions are allowed for the IRA Product Maximum Annual Contribution This field is locked for non retirement products Early Termination Allowed Optional A policy in a Product can be terminated earlier than the Maturity Date of the Product Select Yes if such a termination is desired to be applied to policies in this Product Policy Statement Frequency Mandatory Specify the frequency at which policy statements must be generated for a Policy Holder who has subscribed to a policy in this Product Fiscal Start Date Mandatory Specify the date on which the fiscal year begins Fiscal End Date Mandatory Specify the date on w
5. No Rule Effective Date Product Base Currency Currency Name Product Country Product Country Description Plan Administration By Plan Administration By Description Plan Administrator Plan Administrator Description WHT Applicable Reinvestment EER Ao ona in Bank Det withdrawals PonFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Product Details Product Start Date Product End Date Prod Min Tenor Retirement Age Minimum Age For Entry Maximum Age For Entry Minimum Age For Exit Maximum Age For Exit Minimum Initial Investment Maximum Initial Investment Maximum Annual Contribution Early Termination Allowed Yes Policy Statement Frequency Description Tax Deductible Yes Contributions Allowed Fiscal Start Date Fiscal End Date Type Of Retirement Plan Description Beneficiary Details No Mandatory Constituent Details No Mandatory CGT Applicable No Generate Redemption No For CGT CGT Reporting Currency Input by Authorized by AutoClearProvBal Option not Allowed Auto Clear Reinvestments Option not Allowed Retirement Age at which Surrender reguired Reinvest IRA Income Pay Broker Commission to Product Prod Remarks ROA Computation Method Description Include Current TXN For ROA Include Re Investment For ROA Switch Impact ROA Cash Management Account Applicabil
6. Step Amount Numeric Optional Enter a value that indicates the steps of initial investment amount in which a Policy Holder can invest to subscribe to a policy in this Product For example it could be that some products support only steps of 500 currency units while some other will support steps of 100 currency units Product InvLimit Section Product InvLimit 1of1 Fund Type Description Investment Limit In the Investment Limit section you can enter information in the following fields Fund Type Mandatory Select the funds from the option list in which the Policy Holder can make an additional investment You can specify the details of more than one fund by clicking add icon which adds a field wherein you can choose another fund Investment Limit Mandatory For each fund specify the ratio in which the additional investment is allowed to be made Note The sum total of the ratio you enter should add up to 100 When a Policy Holder makes an additional investment in a policy the system will calculate the holding in the funds belonging to the fund type for which you have specified an investment limit If the current holdings plus the new investment exceed the investment limit you have specified the system will not allow the Policy Holder to make an additional investment in funds belonging to this fund type Specifying Bank Details In certain cases the proceeds of payments such as collecti
7. e Property Onshore Offshore 67 500 ZAR lt 25 e Property Offshore 12 500 ZAR lt 10 e Property Equity 235 000 ZAR lt 90 e Total Offshore Cash Equity Property 52 500 ZAR lt 15 The transaction can be processed as it follows the Prudential Investment Guidelines The Prudential investment guidelines screen provides you with ability to define rules for allocation of a fund asset Maintaining Prudential Investment Guidelines The rules for maintaining the Prudential Investment guidelines are validated in the following manner e Total the Amount invested in selected components for the rule e Calculation of threshold amount using the following formula Threshold Amount Threshold percentage total investment value across Funds e Ascertain if the amount derived in the first step is less than or equal to the Threshold Amount calculated in the succeeding step Repeatthis process for all the rules defined in Product maintenance for Prudential Investment Guidelines If any of the threshold amount limits violate the maintained guidelines then the system displays an error along with the erring rule ID and the amount corresponding to the rule identity number In this instance this particular investment transaction should not be processed Invoking Screen You can invoke the PIGSFOREX Compliance Detail screen by typing UTDPIGSC in the field at the top right corner of the Application tool bar and clickin
8. 5 3 5 Authorizing Product Load sse 5 9 5 3 6 Amending Product Load sse 5 9 5 3 7 Authorizing Amended Product Load eee 5 10 5 4 Associating Entities with ProductS ees sesse ese se ee ee ee ee ee ee ee emen 5 10 5 4 1 Product Entity Mapping Screen sss 5 10 5 4 2 De ede AE seinen tet nni ttn danni RR AE ORA 5 10 5 4 3 Fields in Product Entity Maintenance Screen sss 5 11 5 5 Product Entity Summary Screen sirere irirna rriena ee EARE eene 5 11 5 5 1 Retrieving Product Entity in Product Entity Screen iii sees sesse ee ee ee 5 12 9 9 2 Editing Product Entity osii sies iin ate Heg rae 5 12 5 5 3 Viewing Product Entity essen 5 13 5 5 4 Deleting Product Entity sessanta 5 13 5 5 5 Authorizing Product Entity iii ees se ee ee ee AA ee ee eene 5 13 5 5 6 Amending Product Entity sss 5 14 5 5 7 Authorizing Amended Product Entity sss 5 14 Product With Holdirig Tax etate N EERS eeu ona t RE Re x a Ee Ene RD ee 6 1 6 1 Introductions ss ii tcn dem IR e Ota ad Ed es 6 1 6 2 Creating and Saving With Holding Tax Product iese ee ee Re ee ee ee 6 1 CZE MORN STES RE RE ees 6 1 6 2 2 Fields in Product WHT Setup Screen sss 6 2 6 2 3 Saving information Entered iii se ee Re ee GR Re ee ee Ge Re ee ee Ge enne 6 3 6 3 Product With Holding Ta
9. Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Example You can search the record for Product ID by using the combination of and alphanumeric value as follows e Search by A System will fetch all the records whose Product ID starts from Alphabet A For example AGC17 AGVO6 AGC74 etc e Search by 7 System will fetch all the records whose Product ID ends by numeric value 7 For example AGC17 GSD267 AGC77 etc e Search by 17 System will fetch all the records whose Product ID contains the numeric value 17 For example GSD217 GSD172 AGC17 etc Editing Product Entity You can modify the details of a record that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 Invoke the Product Entity Summary screen from the Browser 2 Selectthe status of the record that you want to retrieve for modification in the Authorized field You can only modify records that are unauthorized Accordingly choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen ie ORACLE 5 5 3 5 5 4 5 5 5 Doub
10. Product Country Description Plan Administration By Plan Administration By Description Plan Administrator Plan Administrator Description WHT Applicable Reinvestment M Faich Produc Tyne Info Product Details Additional inv Bank Det RE Portrolio mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Withdraw No of Withdrawals Withdrawal Limit Basis Allowed Description Withdrawal Limit Withdrawal Money Percentage Payable Compounding Factor Description Minimum Withdrawal Maximum Withdrawal Amount 0000 Amount Withdrawal Limit Mode SelectOne Automatic Surrender Process Automatic No Threshold Policy Market Surrender Value Adjustment Transaction Sub Types 1of1 Applicable AdjTxn Type x Applicable AdjTxn Description x Input by DateTime Mod No Authorized by Open DateTime Authorized o gt ORACLE Withdraw Section No of Withdrawals Allowed Optional Specify the number of partial surrender transactions that can be performed by the Policy Holder during the tenor of the policy You have to mention the number above zero to select the applicable transaction sub types Withdrawal Limit Mode Optional Select the option Percentage to indicate the withdrawal details will be specified in terms of the percentage of holdings Select the option Amount to indicate the withdrawal details will be specified in terms of t
11. Retirement Age Specify the age that will be considered as retirement age for Policy Holders under this product After this age the Policy Holders with policies in this Product will become eligible for retirement benefits if any This field will be enabled only if for the Product Type in the Product Type Maintenance screen e You have selected the option Yes against the field Retirement Features Supported e You have selected the option Retirement Age against the field Maturity Date Basis Minimum Age for Entry Numeric Optional The minimum age before which a Policy Holder cannot subscribe to a policy under a Product of this Product Type will be displayed Maximum Age for Entry Numeric Optional Specify the maximum age after which a Policy Holder cannot subscribe to a policy under a Product of this Product Type Minimum Age for Exit Numeric Optional Specify the minimum age before which a Policy Holder cannot close a policy under a Product of this Product Type Maximum Age for Exit Numeric Optional Specify the maximum age after which a Policy Holder is not allowed to have holdings in the Product Note The age limits that you have specified for the Product Type through the Product Type Maintenance screen will be displayed in the above fields You will be allowed to change T9 ORACLE the same for a Product if for the Product Type you have selected the option Override Age Limit
12. base currency is used to derive the load slab You also need to maintain product base currency in the transaction currency list 4 24 ORACLE You can maintain the list of currencies supported by the product in Transaction Currency tab Product Maintenance Detail New Enter Query Product Information Product ID Product Name Product Short Name Product Mnemonic Product Type Product Type Description Product Class Product Class Description patch Product Tyne Info Existing Product No Rule Effective Date Product Base Currency Currency Name Product Country Product Country Description Plan Administration By Plan Administration By Description Plan Administrator Plan Administrator Description WHT Applicable Reinvestment M Product Details Additional Inv Bank Det Withdrawals PortFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rule ISEASI Transaction Currency 1of1 Currency Code Currency Name Input by DateTime Mod No Authorized by Open DateTime Authorized You can specify the following details in this screen Currency Code Mandatory Specify the currency supported by the LEP product or select the currency from the option list provided Currency Name The name corresponding to the currency code selected previously gets displayed here Saving the information entered When you have entered all the m
13. ese ee ee de ee ee AA ee Re ee eene ennemis 3 7 3 4 1 Retrieving Product Type in Product Type Screen iese ke ee ee ee 3 7 3 4 2 Editing Product Type marisse ee GR Re ee ee Re ee ee Ge Re ee ee Ge Re ee ee ee Re ee ee 3 8 3443 Viewing Product TY DO ss ip itd ep cea be esse 3 8 3 4 4 Deleting Product Type 3 8 3 4 5 Authorizing Product Type iii ee ee GR Re ee ek Ge E a Re ee ek ee Re ee ee 3 9 34 6 Amending Product Type sse nennt 3 9 3 4 7 Authorizing Amended Product Type seen 3 9 aono oa 4 1 AA Introduction ea RE RE EA AA oit atre et eT PO E eter 4 1 4 2 Creating and Saving Product ee ee ee ee ee ee ee ee ee AA nne 4 1 4 2 1 gt De ke AE EE ERE Eg 4 1 4 2 2 Fields in Product Screen iii ee Re Ee GR Re ee GR Re ee ee RR A ee Ge Re ee ee 4 2 4 3 Product Summary Screen eee eee ee ee ee ett ee eee Re nese Ge Re ee eee enne 4 27 4 3 1 Retrieving Product in Product Screen se sene 4 27 4 3 2 Editing Product cae eae his oe ee 4 28 4 3 3 Viewing Product ESE oi ak EE Ran ee ee 4 28 4 3 4 Deleting Product sic ccc eee ni deed A En 4 28 4 3 5 Authorizing Prod ct iiid tea A eta 4 29 4 3 6 Amending Product sse nnne nnne nnns 4 29 4 3 7 Authorizing Amended Product sees 4 29 4 4 Mapping Product and Transaction Sub Type iis se eke ee ee ee ee ee Ge Ee Re AA ee ee ee 4 29 4 41 INVOKING SCIee
14. 1 UTDPIGSC 11 2 UTSPIGSC 11 4 12 1 ORACLE LEP Product Setup User Guide September 2014 Oracle Financial Services Software Limited Oracle Park Off Western Express Highway Goregaon East Mumbai Maharashtra 400 063 India Worldwide Inquiries Phone 91 22 6718 3000 Fax 91 22 6718 3001 www oracle com financialservices Copyright 2007 2014 Oracle and or its affiliates All rights reserved Oracle and Java are registered trademarks of Oracle and or its affiliates Other names may be trademarks of their respective owners U S GOVERNMENT END USERS Oracle programs including any operating system integrated software any programs installed on the hardware and or documentation delivered to U S Government end users are commercial computer software pursuant to the applicable Federal Acquisition Regulation and agency specific supplemental regulations As such use duplication disclosure modification and adaptation of the programs including any operating system integrated software any programs installed on the hardware and or documentation shall be subject to license terms and license restrictions applicable to the programs No other rights are granted to the U S Government This software or hardware is developed for general use in a variety of information management applications It is not developed or intended for use in any inherently dangerous applications includ
15. Base Currency Product Short Name Currency Name Product Mnemonic Product Country Product Type Product Country Product Type Description Description Product Class Plan Administration By Product Class Plan Administration By Description Description Plan Administrator Plan Administrator Description WHT Applicable Reinvestment M Product Details Additional Inv Bank Det Withdrawals PortFolio Mapping ER Loan And Funding Income Distribution Rule Transaction Currency Premiums and Annuities Multiple Premiums Yes Annuity Applicable Yes Allowed i Minimum Annuity Amount Minimum Premium Amouni Maximum Annuity Amount Maximum Premium Minimum Annuity Ratio Amount Maximum Annuity Ratio Premium Step Amt Auto Premium Recovery Others Annuity By Fund Bonus Applicable Certificate of Existence Guaranteed Annuity ia Life Cover Amount Life Cover Applicable Annuity Tax Computation Basis Input by DateTime Mod No Authorized by Open DateTime Authorized Premiums and Annuities Section Multiple Premiums Allowed Mandatory You can select Yes if multiple premiums are allowed on the Product Auto Premium Recovery Mandatory If you select Yes the system will automatically generate all pending premium transactions if one of the following cases is applicable e The premium payment that has stopped becomes Active again e Premium payments are not made the status of the same is
16. DateTime Mod No Authorized by DateTime Open Authorized If the periodic fee is maintained at the product level then during periodic load accrual the amount in fund base currency gets converted to product base currency to derive the load slab The computation will happen in fund base currency Refer to the chapter Setting Up Loads in Volume I of the Fund Setup User Manual for further information on applying periodic load f ORACLE 8 1 8 2 8 2 1 8 Management Fee Introduction Management fee is the periodic load charged by the AMC from the customer This fee that the policyholder is charged will be used to pay the brokers their commissions Management fee is calculated for the total holding in the policy across all the funds and the amount is deducted from the customer s holdings through a redemption policy transaction An AMC however might not want to apply a fee on some funds The Management Fee Applicability screen allows you to apply a management fee to the funds you wish While generating a redemption transaction for the management fee the system first checks if you have selected a fund against the field Preferred Fund For Redemption in the Unit Holder Maintenance screen for further information on the Unit Holder Maintenance screen refer to the chapter Managing Investor Accounts in Volume 1 of the Agency Branch User Manual e f you have a redemption transaction will be generated for the fund
17. E WHT Applicable Reinvestment Product Details Additional Inv Bank Det Withdrawals PortFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Funding Details Funded Product No Md Funding Factor Funding Frequency Funding Period Frequency Desc Loans Loan Applicable No Geared Loan Factor No of Loan Allowed Maximum Loan Amount Loan Interest Percent Redeem Loan Interest from holdings Minimum Loan Amount Input by DateTime Mod No Authorized by Open DateTime Authorized Funding Details Section Funding Frequency Mandatory if Funded Product is Yes Specify the frequency at which the funded amount will be repaid to the investor Note You cannot change the funding frequency for a policy Funding Period Months Mandatory if Funded Product is Yes Specify the duration of the repayment period at the end of which the entire funded amount will be paid back to the investor Note You can change the same for a policy Ee ORACLE 4 2 2 8 Funded Product Optional Specify whether the Product is a funded product wherein a portion of the initial investment and subsequent top ups if any will be retained Funding Factor Mandatory if Funded Product is Yes Specify the funding factor that is applicable to policy transactions in this Product This must be expressed as a percentage and cannot exceed one hundred percen
18. ORACLE 5 5 6 5 5 7 5 Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the record Amending Product Entity 1 6 After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation Invoke the Product Entity Summary screen from the Browser Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to amend The Product Entity screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record Amend the necessary information Click the Save button to save your changes Authorizing Amended Product Entity An amended Product Entity must be authorized for the amendment to be made effective in the system Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The pr
19. Query Product Information Product ID Product Name Product Short Name Product Mnemonic Product Type Product Type Description Product Class Product Class Description Existing Product No Rule Effective Date Product Base Currency Currency Name Product Country Product Country Description Plan Administration By Plan Administration By Description Plan Administrator Plan Administrator Description WHT Applicable Reinvestment M Fatch Praduci Tyne Info Product Details Additional in Bank Det Withdrawals PortFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Additional Investments Additional Investments Yes Minimum Amount Allowed Maximum Amount Step Amount Product InvLimit 1of1 Fund Type Description Investment Limit a Input by DateTime Mod No Authorized by Open DateTime Authorized Additional Investments Section Additional Investments Allowed Mandatory Select this option to indicate the Policy Holder can make an additional investment in a policy in this product Note The other fields in this screen will be enabled only if you select this option Minimum Amount Mandatory Specify the minimum additional investment amount Maximum Amount Mandatory Specify the maximum amount to which an additional investment can be made ie ORACLE 4 2 2 3
20. To designate a load as being applicable for a reference transaction type for the selected product select the reference type from the option list Note It must be remembered that while mapping a load to a reference transaction type the sys tem does not support the mapping of Switch In and LEP Interest transaction types Description Display Upon selection of Ref Type the description of the selected reference type gets populated automatically Fund Details Section Fund Details 1of1 Fund ID Fund Name Fund ID Specify the fund id The adjoining option list displays all valid fund ids maintained in the System You can chose the appropriate one a ORACLE Fund Name Upon selection of Fund ID the description of the selected fund id gets populated automatically 5 3 Product Load Summary Screen Invoke the Product Load Maintenance Summary screen by typing LESPRLD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Product Load Maintenance Summary Authorized Open Product ID 23 Rule Effective Date EE Latest Rule X Advanced Search Records per page 15 v 1 of 1 Authorized Open Product ID Rule Effective Date Latest Rule 5 3 1 Retrieving Product Load in Product Load Screen You can retrieve a previously entered record in the Summary screen as follows You can retr
21. are authorized 3 Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to amend The PIGSFOREX Compliance screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record 5 Amend the necessary information Click the Save button to save your changes 11 2 7 Authorizing Amended PIGSFOREX Compliance An amended PIGSFOREX Compliance must be authorized for the amendment to be made effective in the system Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The process of authorization is subsequently the same as that for normal transactions TR ORACLE 12 Function ID Glossary L LEDMGMAP 8 1 LEDPRDEN 5 10 LEDPRLD ees ee 5 1 EEDPROD ds ees ee 4 1 LEDPRSUB 4 30 LEDPRIYP issie nett 3 1 LEDPWHTD 6 1 LEDSUBTP n 3 6 LESMGMAP 8 3 LESPRDEN 5 11 LESPRED niine 5 7 EESPROD ite 4 27 LESPRSUB es 4 31 LESPRTYP 3 7 LESPWHTD 6 4 U UTDGLTMP 9 2 UTDPERLM 7
22. certain date CMA Operations The various operations in a CMA are as follows 10 1 ORACLE When an initial investment in a policy takes place the ongoing fees for the investment are calculated as part of the allocation process These are deducted proportionately from the investment made for each fund and invested into the CMA When a top up transaction in a policy takes place the system calculates the projected ongoing fee payable for a year and compares this with the balance in the CMA Fund If the projected fee is greater than the CMA fund value the difference is deducted from the investment proportionately The system does this by overriding the ongoing fee record with the updated return value The updated return value is calculated as follows Updated Return Value Projected Amount CMA fund market value Projected amount Original Return Value The system carries out monthly checks for sufficient funds in the CMA to cover the ongoing fee for a full year In case of a deficit the system proportionately switches the deficit amount from other funds into the CMA The system also carries out monthly checks for sufficient funds in the CMA to cover the annuity for a full year In case of a deficit the system proportionately switches the deficit from other funds into the CMA Let us consider the following examples The fee set up in an AMC is defined below Rate L4 Ongoing Admin Fee per annum Sl
23. for Exit should be greater than the value you enter in the field Minimum Age for Entry The value you enter in the field Maximum Age for Exit should be greater than the value you enter in the field Minimum Age for Entry Funding Feature Supported Mandatory Select this option to indicate the Product Type supports funding features If you select this option you will have to specify Funding details such as the frequency period and percentage in the Product Maintenance screen Maturity Date Basis Mandatory The option you select here will decide on what basis the maturity date will be calculated You have the following two options e Retirement Age e Minimum Tenor You can select the option Retirement Age only if you have selected the option Yes against the field Retirement Features Supported In such a case the maturity date will be calculated on the basis of the age of retirement you will specify at the Product level If you select the option Minimum Tenor the maturity date will be calculated on the basis of the minimum tenor you will specify at the Product level ORACLE 3 2 2 1 IRA Applicable Mandatory Select the option Yes to indicate the Product Type supports IRA features Apply 120 Rule Mandatory 120 rule is made available at Product level to select list of transaction types that are applicable for 120 rule validation The rule also validates the Top Up De
24. in a policy Note This will be used for the 5 20 validation during Batch functions Refer to the chapter Batch Functions in this User Manual for further information on the 5 20 validation Maximum Annuity Ratio Mandatory Specify the ratio of annuity to the net investment amount This will determine the upper limit of annuity amount payable in a policy 4 20 ORACLE Note This will be used for the 5 20 validation during Batch functions Refer to the chapter Batch Functions in this User Manual for further information on the 5 20 validation Others Section Certificate of Existence Applicable Optional You can select Yes to indicate the Policy Holder needs to produce a certificate of existence Guaranteed Annuity Optional Select Yes to indicate annuity is guaranteed on a policy in this Product Annuity By Fund Optional Specify whether annuities are paid out for on the basis of the funds in the Product Bonus Applicable Optional Select Yes to indicate this Product declares a bonus Life Cover Applicable Mandatory Select Yes to indicate whether the Policy Holder has an option to opt for a life cover while subscribing to this Product Life Cover Amount Mandatory if Life Cover Applicable box is checked Specify the amount to be paid by the Policy Holder as a fee for obtaining the life cover for any policy held by him in this Product Note This field is enabl
25. marked PUP by the AMC Once the premium payment is made the AMC changes the status to Active If you select No then no pending premium transactions are generated oe ORACLE Minimum Premium Amount Mandatory Specify the minimum premium amount that the Policy Holder needs to pay Maximum Premium Amount Mandatory Specify the maximum premium amount that the Policy Holder needs to pay Premium Step Amount Mandatory Specify the step amount for payment of premium The premium amount will be a multiple of the step amount Annuity Applicable Mandatory An annuity is a deferred payment made to the Policy Holder over a period for lump sum payments or premium payments received from the Policy Holder You can select Yes if annuities are applicable to this product Note The next few fields Minimum Annuity Amount Maximum Annuity Amount Minimum Annu ity Ratio and Maximum Annuity Ratio are enabled only if you have selected the option An nuity Applicable Minimum Annuity Amount Mandatory Specify the minimum amount to be paid out as annuity to the Policy Holder for any policy in the Product Maximum Annuity Amount Mandatory Specify the maximum amount allowed to be paid out as annuity to the Policy Holder for any policy in this Product Minimum Annuity Ratio Mandatory Specify the ratio of annuity to the net investment amount This will determine the lower limit of annuity amount payable
26. provided in the Description field Note f you do not select any of the available transaction sub types for 120 Rule then system will consider all transactions subtypes for 120 Rule validation Ifthe current policy top up transaction violates 120 rule then system shows an error as The amount of the top up will result in this policy being in breach of the 120 Rule by Rnnn nn Where Rnnn nn is the amount by which top up transaction is violating 120 Rule If current premium transaction breaches 120 Rule system will register the error message amp transaction will not be generated If Top up transaction has been done with other than selected transaction sub types system will not consider the transaction for 120 rule validation System will calculate total gross amount of the previously processed transactions in the current policy year amp current transaction amount for exercise 120 rule Dividend reinvestments are excluded from 120 rule validations Refer to the chapter Batch Functions of LEP User Manual for further information on the 120 Rule Saving Information Entered When you have entered all the mandatory information click Ok button The system displays the following confirmation message as Record Successfully Saved This indicates the record has been saved Click Ok button Maintaining Transaction Sub Type The transaction sub type maintenance scre
27. screen You can select the combination of Investment components with their corresponding percentage Refer to the chapter Fund Investment Components for more information on specifying fund components for an investment Once you have specified the entire mandatory details click Ok button to save the record You will receive a prompt that the record has been saved in the system s archive PIGSFOREX Compliance Summary Screen You can invoke the PIGSFOREX Compliance Summary screen by typing UTSPIGSC in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed PIGSFOREX Compliance Detail Authorized Open PIGS Or FOREX RulelD Operation ai Threshold Percentage 0 ai 100 Advanced Search Records per page 15 v 1 of 1 Authorized Open Status PIGS Or FOREX RulelD Operation Threshold Percentage 0 100 Description EZAN EF m gt m TU Retrieving PIGSFOREX Compliance in PIGSFOREX Compliance Screen You can retrieve a previously entered record in the Summary screen as follows Specify any or all of the following details in the PIGSFOREX Compliance Summary screen 1 Select the status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved 2 Selectthe status of the record in the Open field If you choose the Blank
28. the Action list to amend the record 5 Amend the necessary information Click the Save button to save your changes Authorizing Amended Product Transaction Sub Type Mapping An amended Product Transaction Sub Type Mapping must be authorized for the amendment to be made effective in the system ios ORACLE Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The process of authorization is subseguently the same as that for normal transactions AA ORACLE 5 1 9 2 5 2 1 5 Product Activities Introduction In Oracle FLEXCUBE Investor Servicing FCIS for each ofthe Life and Endowment Product defined in the system you can maintain a set of guidelines that govern the way in which transactions based on that product will be processed Product load setup governs the ways in which an applicable fee or incentive will impact the processing of transactions in the product Similarly you can associate entities with a product Only such entities that are mapped to the product will be allowed to transact in the product The following sections give you step by step instructions to do the same Product Load Setup You can designate different fees or incentives that are levied during the processing of transactions as applicable for transactions in specific products Fees or incentives called loads in the system may be mapped as applicable to the appropriate transactio
29. the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending Product With Holding Tax After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation 1 Invoke the Product With Holding Tax Summary screen from the Browser 2 Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized 3 Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to amend The Product With Holding Tax screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record 5 Amend the necessary information Click the Save button to save your changes Authorizing Amended Product With Holding Tax An amended Product With Holding Tax must be authorized for the amendment to be made effective in the system 9 9 ORACLE 7 1 7 Periodic Load Introduction For a Unit Trust UT transaction periodic loads are maintained at the Fund level For a Life and Endowment Product the periodic load is maintained at the Product level You can apply a per
30. 1 2 Invoke the Product Load Summary screen from the Browser Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to amend The Product Load screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record Amend the necessary information Click the Save button to save your changes a ORACLE 5 3 7 5 4 5 4 1 5 4 2 Authorizing Amended Product Load An amended product must be authorized for the amendment to be made effective in the system Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The process of authorization is subsequently the same as that for normal transactions Associating Entities with Products To associate entities with a product use the Product Entity Maintenance Detail screen You can restrict access to entities based on the product Product Entity Mapping Screen To map entities to a product use the Product Entity Maintenance Detail screen Invoking Screen You can invoke the Product Entity Maintenance Detail screen by typing LEDPRDEN in the field at the top right
31. FOREX Compliance sse 11 6 11 2 6 Amending PIGSFOREX Compliance seen 11 6 11 2 7 Authorizing Amended PIGSFOREX Compliance esses 11 7 Function ID Glossary edere pure ee ER ada suus sues aces aeg 12 1 1 1 1 2 1 3 1 4 1 About This Manual Introduction Welcome to Oracle FLEXCUBE Investor Services a comprehensive mutual funds automation software from Oracle Financial Services Software Ltd This Oracle FLEXCUBE Investor Services User Manual helps you use the system to achieve optimum automation of all your mutual fund investor services processes It contains guidelines for specific tasks descriptions of various features and processes in the system and general information Related Documents The User Manual is organized in to various parts each discussing a component of the Oracle FLEXCUBE Investor Services system Audience This Fund Manager User Manual is intended for the Fund Administrator users and system operators in the AMC Organization This volume of the Fund Manager User manual is organized under the following chapter sequence About This Manual explains the structure audience organization and Chapter 1 related documents of this manual LEP Product Setup An Overview enables you learn about the LEP Prod Chapter uct Setup LEP Product Setup Product Class deals with the first step in the work Cha
32. Fund Manager User Manual where the General Ledger Set Up has been explained Chapter 11 LEP Product Setup CMA explains more about CMA Chapter 12 LEP Product Setup PIGS explains in detail Prudential Investment Guide lines and Forex Compliance Conventions Used in this Manual Before you begin using this User Manual it is important to understand the typographical conventions used in it General Conventions Convention Type of Information Italic type Functional foreign terms Validations for fields on a screen References to related Headings Users Manuals For emphasis Numbered Bullet Step by step procedures Keyboard Conventions Convention Type of Information Keys All keys of the keyboard are represented in capital letters For example lt CTRL gt Shortcut All short cut keys are contained in brackets For example keys lt ALT SHIFT gt Glossary of Icons This User Manual may refer to all or some of the following icons Icons Function ES Exit m Add Row e Delete Row lcons Function Option List 1 7 Abbreviations and Acronyms The following acronyms and abbreviations are adhered to in this User Manual Abbreviation Meaning Acronym ADMIN User Administrator AGY The Agency Branch component of the s
33. LEP Product Setup User Guide Oracle FLEXCUBE Investor Servicing Release 12 0 4 0 0 Part Number E57474 01 September 2014 ORACLE Table of Contents About This Manual raisanud ae SR ORE RSA Ee EE 1 1 ME eelte ei AE n 1 1 12 Related Documents see AS Se ae aei i a ee Ge da ek einen n ee ee ee 1 1 149 Audience on DE edm mil uimaseeni 1 1 1 4 Organization EE EE EE EE acces cc eel at jaa mme eeu iet 1 1 1 5 Conventions Used in this Manual ee se ee RR ee enne 1 2 1 5 1 General CONVENTIONS cece a nennen nennen nnns enn 1 2 1 5 2 Keyboard Conventions sse 1 2 1 6 GlossaryotlEONS n incre teet epe t obere nie Re ERE Ee ae Ada va 1 2 1 7 X Abbreviations and Acronyms ssssssssseeeeeeenm nennen nne enne 1 3 kele 81 23 ER AE EE EE EE RI EE 2 1 725 MEN 1111618 1 07117 RE E 2 1 2 2 Maintaining Product Class ee ee Ee ee ee ee ee ee ee ee 2 1 Product Ty OR TE EE ER EE RR TE 3 1 9 1 dntrod ction EE EE EA ER Ge AEEA nei 3 1 3 2 Creating and Saving Product TYPE ee ee ek Re ee emen 3 1 32 1 De leke AE E EE ER LER HER 3 1 3 2 2 Fields in Product Type Screen sse 3 2 3 2 3 Saving Information Entered sis ie ees esse ee ee ke ee ee Ge Re ee eene 3 5 3 3 Maintaining Transaction Sub TYPE ee ee ee ee ek Re ee eene 3 5 33 1 AAVOKING SCIOGN uo eel GE BE e es e 3 6 3 3 2 Fields in Transaction Sub Type Maintenance Screen 1 3 6 34 Product Type Summary Screen
34. Offshore Cash 10 e Offshore Equity 05 e Offshore Property 0 Assuming that an investor chooses to invest in the product with an initial investment of 100 000 ZAR the various components of F1 and F2 have the corresponding values F1 e Onshore Cash 25 of 150 000 100 000 62 500 ZAR e Onshore Equity 40 of 150 000 100 000 100 000 ZAR e Onshore Property 20 of 150 000 100 000 50 000 ZAR e Offshore Cash 05 of 150 000 100 000 12 500 ZAR e Offshore Equity 05 of 150 000 100 000 12 500 ZAR e Offshore Property 05 of 150 000 100 000 12 500 ZAR e Onshore Cash 30 100 000 30 000 ZAR e Onshore Equity 50 100 000 50 000 ZAR e Onshore Property 05 100 000 5 000 ZAR e Offshore Cash 10 100 000 10 000 ZAR Hei ORACLE 11 1 1 11 1 2 e Offshore Equity 05 100 000 5 000 ZAR e Offshore Property 0 100 000 0 ZAR Calculating we get e Total Cash across F1 amp F2 62 500 12 500 30 000 10 000 115 000 ZAR e Total Equity across F1 amp F2 100 000 12 500 50 000 5 000 167 500 ZAR e Total Property across F1 amp F2 50 000 12 500 5 000 0 67 500 ZAR Hence we can deduce the percentage allocation for each of the components to be e Cash Onshore Offshore 115 000 ZAR lt 100 e Cash Offshore 22 500 ZAR lt 15 e Equity Onshore Offshore 167 500 ZAR lt 75 e Equity Offshore 17 500 ZAR lt 15
35. Space option then all the records are retrieved e PIGS or FOREX e Rule ID e Operation e Threshold Percentage 0 100 After you have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 114 ORACLE 11 2 2 11 2 3 Note You can also retrieve the individual record detail from the detail screen by doing guery in the following manner Press F7 Input the Rule ID Press F8 You can perform Edit Delete Amend Authorize Reverse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Example You can search the record for Rule ID by using the combination of and alphanumeric value as follows Search by A System will fetch all the records whose Product ID starts from Alphabet A For example AGC17 AGVOG AGC74 etc Search by 7 System will fetch all the records whose Rule ID ends by numeric value 7 For example AGC17 GSD267 AGC77 etc Search by 961796 System will fetch all the records whose Rule ID contains the numeric value 17 For example GSD217 GSD172 AGC17 etc Editing PIGSFOREX Compliance You can modify the details of a record that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 Invoke
36. Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The Product Detail screen is opened in View mode see ORACLE 4 3 5 4 3 6 4 3 7 4 4 5 Select Delete operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Product An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Product Summary screen 1 Invoke the Product Summary screen from the Browser 2 Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen 4 Double click the record that you wish to authorize The Product Detail screen is opened in View mode 5 Select Authorize operation from Action list When the checker authorizes a record details of valida
37. The initial administrator and broker will use the market value at policy level to derive the fee return value the Fee is calculated based on the gross amount of the individual transaction value For an ROA function to be applicable a cumulative load would be setup and mapped in the Load Product CGT Reporting Currency Optional Specify the currency in which the capital gains and capital gains tax amount should be reported The capital gains and capital gains tax amount which is computed at the fund level in the fund base currency will be converted in terms ofthe reporting currency using the default exchange rate If you do not maintain a reporting currency the system will convert the capital gains and capital gains tax amount only in terms of the product and policy base currency Prudential Investment Guidelines Indicate if you need to define the rules for Prudential Investment guidelines You can either select Prudential Investment Guidelines or Foreign Exchange compliance Include Current TXN for ROA Specify whether the current transaction should be considered for calculating ROA Include Switches for ROA Indicate whether switch transactions affect ROA computation ROA Computation Method Select the appropriate method to calculate the right of accumulation from the option list The ROA may be calculated on the basis of e Amount invested in the policy by the policy holder e Holdings of the customer as on that date 4 19 ORACLE
38. ab in ZAR Rate in 0 100 000 0 5 100 000 500 000 0 25 L5 Ongoing Broker Fee per annum Slab in ZAR Rate in 0 100 000 0 5 100 000 500 000 0 25 L1 Initial Admin Fee Slab in ZAR Rate in 0 100 000 2 5 100 000 500 000 1 5 500 000 1 000 000 1 L2 Initial Broker Fee Slab in ZAR Rate in 0 999 999 999 2 0 10 2 ORACLE 10 1 2 Operating CMA Generate Switch Transaction Batch You can run this batch either on a periodic basis or manually If you wish to run this batch on a periodic basis during EOD you can do so by defining the following System Parameters CMA Switch Date You can specify the date on which you would want the batch run for the first time For example you may choose to run it on 2nd January CMA Switch Freq You need to specify the frequency at which you would like the batch to be run The system uses this information to run the batch from the second time on For example if you have specified a monthly frequency the system checks every day to see if the current date matches the date defined by the CMA Switch Date and Freq It then runs the batch when the date is 279 February You can execute the CMA Generate Switch txn Batch manually when ever you choose The manual execution is independent of the parameters you may have specified above Note During a t
39. andatory information click Ok button The system displays the confirmation message as Record Successfully Saved This indicates the record has been saved Click Ok button ED ORACLE 4 2 2 10 FATCA Information Section In this section you can capture the details regarding Foreign Account Tax Compliance Act Click on FATCA Information tab to maintain the details Product Maintenance Detail New Enter Query Product Information Product ID Existing Product No Product Name Product Base Currency Rule Effective Date Currency Name Product Short Name Product Country Product Mnemonic Product Country Product Type Description Product Type Description Plan Administration By Product Class Plan Administration By Product Class Description Description Plan Administrator Plan Administrator Description Feich Product Type Info Product Details Additional Inv Bank Det Withdrawals PortFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency FATCA Applicable No Employer ID Number FATCA Classification B FATCA Reason sie FATCA Effective Date Input by DateTime Mod No Authorized by Open DateTime Authorized ae 4 2 2 11 Fields in FATCA Information FATCA Applicable Alphanumeric Optional Select Yes or No to indicate whether FATCA is applicable However the system defaults the value No FATCA Classification Alphan
40. apping Detail screen as shown in the screenshot allows you to link available sub type codes maintained under transaction sub type maintenance to a particular product such as Redemption Subscription aaa ORACLE 4 4 1 4 4 2 Invoking Screen Invoke the Product Transaction Sub Type Mapping Detail screen by typing LEDPRSUB in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is invoked E Product Transaction Sub Type Mapping Detail New 5 Enter Query Product Ref Type Details Ref Type Product ID Product Short Name Product Name Sub Type Details 1of1 Sub Type Input by DateTime Authorized by DateTime Mod No Open Authorized Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the Product Transaction Sub Type Mapping Fields in Product Transaction Sub Type Mapping Screen Product ID Mandatory Specify the product identity number Transaction Type Mandatory Specify the transaction type for which the Transaction sub type is mapped or linked from the transaction sub type maintenance screen Product Name The Product name of the product for which transaction sub type is mapped is defaulted once the Product ld is selected Product Short Name The short name attributed to the Product is defaulted once you have selected the Product ID dre ORACLE
41. arch by 7 System will fetch all the records whose Product Type ends by numeric value 7 For example AGC17 GSD267 AGC77 and so forth e Search by 17 System will fetch all the records whose Product Type contains the numeric value 17 For example GSD217 GSD172 AGC17 and so forth Editing Product With Holding Tax You can modify the details of a record that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 Invoke the Product With Holding Tax Summary screen from the Browser 2 Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to modify in the list of displayed records The Product With Holding Tax Detail screen is displayed 5 Select Unlock Operation from Action list to modify the record Modify the necessary information 6 Click Save to save your changes The Product With Holding Tax Detail screen is closed and the changes made are reflected in the Product With Holdi
42. bit order function of an application that needs to be processed Minimum Age for Entry Mandatory Specify the minimum age before which a customer cannot subscribe to a policy under a product of this Product Type Maximum Age for Entry Mandatory Specify the maximum age after which a customer cannot take a policy under a product of this Product Type Minimum Age for Exit Mandatory Specify the minimum age before which a customer cannot close a policy under a product of this Product Type Maximum Age for Exit Mandatory Specify the maximum age after which a Policy Holder is not allowed to have holdings in the product Allow Unit Based Transactions Select Yes if you want to allow unit based transactions Specifying 120 Rule Mandatory 120 rule is made available at Product level to select list of transaction types that are applicable for 120 rule validation The rule also validates the Top Up Debit order function of an application that needs to be processed This tab is applicable only if you set Apply 120 Rule as Yes ORACLE 3 2 3 3 3 Included Transaction Sub Types section Included Transaction Sub Types 1of1 Transaction Sub Type Description The inflow transactions sub types are selected from the available list You can click add icon to add Transaction Sub Type The type of transactions can be selected from the option list The description for the selected transaction is
43. corner of the Application tool bar and clicking on the adjoining arrow button The following screen is invoked Product Entity Maintenance Detail New Enter Query Product Entity Maintenance Product ID Product Name Entity Type Description Entity ID Entity Name Input by DateTime Authorized by DateTime Mod No Open Authorized Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the Product Entity mapping r ORACLE 5 4 3 9 9 Fields in Product Entity Maintenance Screen Product ID 10 Characters Maximum Alphanumeric Mandatory Select the product for which you want to map entities from the options provided If you specify the product the description of the selected product is displayed in the Description field Entity Type Alphanumeric Mandatory You can use this field to indicate the type of entity that is to be associated with the selected product You can associate any of the following entities from the option list e Agent e Participating Employer Entity ID Mandatory Select the code of the entity that is to be allowed to operate this product from the options provided It could be an agent or a participating employer Entity Name Display Only On selection of the Entity Code the system automatically displays the name of the entity When you enter a product entity mapping in this screen you can save it by clicking Ok bu
44. creen Double click the record that you want to modify in the list of displayed records The Product Type Detail screen is displayed Select Unlock Operation from Action list to modify the record Modify the necessary information Click Save to save your changes The Product Type Detail screen is closed and the changes made are reflected in the Product Type Summary screen Viewing Product Type To view a Product Type you have previously entered you must retrieve the same in the Product Summary screen as follows 1 2 Invoke the Product Type Summary Screen from the Browser Select the status of the Product Type that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All transactions with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Product Type screen is opened in view mode Deleting Product Type You can delete only unauthorized records in the system To delete a record that you have previously entered you must retrieve the same in the Product Type Summary screen as follows 1 2 Invoke th
45. ct the funds for which you are applying a management fee The option list includes all authorized products that you have maintained When you select the Product ID and click Get Funds button the funds mapped to it will be displayed in the Fund ID section For each fund that you want to apply the management fee to select the corresponding box Details 1of1 FundID x Management Fee Applicable x A ves oe ORACLE 8 2 3 Saving Information Entered When you have entered all the mandatory information click Ok button The system displays the confirmation message as Record Successfully Saved This indicates the record has been saved Click Ok button 8 3 Management Fee Applicability Summary Screen You can invoke the Management Fee Applicability Summary screen by typing LESMGMAP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Management Fee Applicability Summary Authorized X Product ID a Advanced Search Records per page 15 v 1 of 1 Authorized Open Product ID 8 3 1 Retrieving Management Fee Applicability You can retrieve a previously entered record in the Summary screen as follows Specify any or all of the following details in the Management Fee Applicability Summary screen 1 Select the status of the record in the Authorizatio
46. ction list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Management Fee Applicability An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Management Fee Applicability Summary screen 1 Invoke the Management Fee Applicability Summary screen from the Browser 2 Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen 4 Double click the record that you wish to authorize The Management Fee Applicability Detail screen is opened in View mode 5 Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending Management Fee Applicability After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unl
47. e Product ID e Product Name e Rule Effective Date After you have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing query in the following manner Press F7 Input the Product Type Press F8 M ORACLE 4 3 2 4 3 3 4 3 4 You can perform Edit Delete Amend Authorize Reverse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Editing Product You can modify the details of a record that you have already entered into the system provided it has not been subseguently authorized You can perform this operation as follows 1 Invoke the Product Summary screen from the Browser 2 Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to modify in the list of display
48. e Product Type Summary screen from the browser Select the status of the record that you want to retrieve for deletion 2 ORACLE 3 4 5 3 4 6 3 4 7 3 Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The Product Type Detail screen is opened in View mode 5 Select Delete operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Product Type An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Product Type Summary screen 1 Invoke the Product Type Summary screen from the Browser 2 Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen 4 Double click the record that you wish to authorize The Product Type Detail
49. earch button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The Product With Holding Tax Detail screen is opened in View mode 5 Select Delete operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Product With Holding Tax An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Product With Holding Tax Summary screen 1 Invoke the Product With Holding Tax Summary screen from the Browser 2 Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen 4 Double click the record that you wish to authorize The Product With Holding Tax Detail screen is opened in View mode 5 Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during
50. earch by 17 System will fetch all the records whose Product ID contains the numeric value 17 For example GSD217 GSD172 AGC17 etc Editing Product Load You can modify the details of a record that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 Invoke the Product Load Summary screen from the Browser 2 Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to modify in the list of displayed records The Product Load Detail screen is displayed 5 Select Unlock Operation from Action list to modify the record Modify the necessary information 6 Click Save to save your changes The Product Load Detail screen is closed and the changes made are reflected in the Product Load Summary screen Viewing Product Load To view a Product Load you have previously entered you must retrieve the same in the Product Load Summary screen as follows 1 Invoke the Product Load Summary Scr
51. ection of the From Entity Type the description of the selected From Entity Type gets populated automatically To Entity Type Mandatory Specify the entity that will be recipients of the load Select the Entity Type from the option s ORACLE Following list are provided in the option list e AMC e Agent e Broker e Distributor e Fund e Registrar e Trustee e Unit Holder e Cash Management Account Description Upon selection of the To Entity Type the description of the selected To Entity Type gets populated automatically Refer the chapter Policy of this LEP User Manual for more information on the how the Cash Management Account is used in the recovery of fees and annuity Load To Price Mandatory Indicate whether this load is to be loaded to the base price Processing Frequency Mandatory Specify the frequency at which this load is to be applied Loads can be applied at any of two possible frequencies e Allocation This will mean that you will be charging the investor a fee or giving an incentive at the time of allocation of units Allocation time loads cannot be designated for any transaction types other than IPO subscription redemption and switch e Post Allocation This frequency is applicable typically to the Capital Gains Tax which may be applied after allocation on the gross amount If indexation is applicable to capital gains tax computation based on this load then you must select this frequency Ap
52. ed only if you have selected the option Life Cover Applicable Annuity Tax Computation Basis Optional If the Withholding Tax Applicable for Annuity is selected you can select the annuity tax computation basis from the drop down list as Policy or Policy Holder If the maintenance for Annuity Tax Basis at the product level is at policy holder the gross annualized amount for all policies pertains to the Policy Holder gets added up for a Product If it is at Policy level gross annualized amount of the Policy level would be taken 421 ORACLE 4 2 2 7 Specifying Loan and Funding Details You will be able to see this link only if for the product you have selected the option Yes against the field Funding Features Supported in the Product Type Maintenance screen The funding rules that you specify in this screen are valid only till the maturity date of the product Click Loan amp Funding tab to enter the details Product Maintenance Detail New Enter Query Product Information Existing Product No Product ID Rule Effective Date Product Name Product Base Currency Product Short Name Currency Name Product Mnemonic Product Country Product Type Product Country Product Type Description Description Product Class Plan Administration By Product Class Plan Administration By Description Description Plan Administrator Plan Administrator Description
53. ed records The Product Detail screen is displayed 5 Select Unlock Operation from Action list to modify the record Modify the necessary information 6 Click Save to save your changes The Product Detail screen is closed and the changes made are reflected in the Product Summary screen Viewing Product To view a Product you have previously entered you must retrieve the same in the Product Summary screen as follows 1 Invoke the Product Summary Screen from the Browser 2 Select the status of the Product Type that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option 3 Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All transactions with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Product screen is opened in view mode Deleting Product You can delete only unauthorized records in the system To delete a record that you have previously entered you must retrieve the same in the Product Summary screen as follows 1 Invoke the Product Summary screen from the browser 2 Select the status of the record that you want to retrieve for deletion 3
54. een from the Browser 2 Select the status of the Product Load that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option 3 Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All transactions with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Product Load screen is opened in view mode Deleting Product Load You can delete only unauthorized records in the system s ORACLE 5 3 5 5 3 6 To delete a record that you have previously entered you must retrieve the same in the Product Load Summary screen as follows 1 2 3 Invoke the Product Load Summary screen from the browser Select the status of the record that you want to retrieve for deletion Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The Product Load Detail screen is opened in View mode Select Dele
55. en is added to combine the sub type transactions for policy creation top up withdrawal status change and premium annuities to create a localized field to capture the relevant data This screen is designed to include an input list of transaction sub types applicable for a variety of transactions You can specify the relevant details according to the type of action you choose to proceed with on this screen 39 ORACLE 3 3 1 3 3 2 Invoking Screen You can invoke the Transaction Sub Type Maintenance Detail screen by typing LEDSUBTP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is invoked Transaction Sub Type Maintenance Detail New 753 Enter Query Transaction Sub Type Maintenance Ref Type Transaction Type Sub Type Sub Type Description Input by DateTime Authorized by DateTime Mod No Open Authorized Fields in Transaction Sub Type Maintenance Screen The following fields require input Reference Type Mandatory Select the type of Policy transaction for which the sub type is applicable Transaction Type Display The type of Unit Trust UT transaction is defaulted by the system based on the current transaction under processing Sub Type Mandatory Specify the sub type code after entering the transaction type for which the Sub type transaction is processed Sub Type Description Mandatory Specify t
56. ession Applicability No Beneficiary Details No KYC Applicable No Mandatory CMA Fund Constituent Details No Description Mor Prudential tment N T Wm rudential Investmen M CGT Applicable No ides mm Generate Redemption No Foreign Exchange No For CGT Compliance CGT Reporting Currency ROA Applicable No Input by DateTime Mod No Authorized by Open DateTime Authorized Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the Product Fields in Product Screen Product Information Section Product ID 10 Characters Maximum Alphanumeric Mandatory Specify a unique identification for the product that is being defined through this screen This identification will be used whenever subsequent reference is made to this product in the system The ID you enter can contain a maximum of 4 characters 2 ORACLE Product Name 60 Characters Maximum Alphanumeric Mandatory Give the Product ID a description which will help you identify the same easily Product Short Name 20 Characters Maximum Alphanumeric Mandatory Specify a short name for the product Product Mnemonic 10 Characters Maximum Alphanumeric Mandatory Specify a mnemonic for the product The mnemonic is typically used as an identifier to run queries or to generate reports regarding the product Product Type Mandatory The various Product Types you have already maintained th
57. ewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Management Fee Applicability screen is opened in view mode es ORACLE 8 3 4 8 3 5 8 3 6 Deleting Management Fee Applicability You can delete only unauthorized records in the system To delete a record that you have previously entered you must retrieve the same in the Management Fee Applicability Summary screen as follows 1 Invoke the Management Fee Applicability Summary screen from the browser 2 Select the status of the record that you want to retrieve for deletion 3 Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to delete in the list of displayed records in the lower portion of the screen Management Fee Applicability Detail screen is opened in View mode 5 Select Delete operation from the A
58. g on the adjoining arrow button Te ORACLE 11 1 3 The following screen is invoked PIGSFOREX Compliance Detail New 73 Enter Query PIGS FOREX Compliance PIGS OrFOREX Pigs RulelD Description Operation SelectOne Threshold Percentage 0 100 Components 1of1 Components Input by DateTime Authorized by DateTime Mod No Open Authorized Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the PIGSFOREX Compliance Fields in PIGSFOREX Compliance Screen PIGS FOREX Compliance Section PIGS or FOREX Select whether the fund asset allocation is defined under Foreign exchange or PIGS rules Rule ID Mandatory Enter an identifier for the rule applied to the component Description Optional Enter a brief description of the component allocated to the fund investment Operation Specify that the components are to considered as equivalent to the percentage of the fund investment allocation Threshold percentage 0 100 The ratio or percentage attributed to the chosen investment component specified as an allocation of the investment Components Specify the number of components allocated to the fund investment you can select more than one component To incorporate the Investment components click Components button You Hes ORACLE 11 2 11 2 1 will be linked to the Investment Components
59. hat you have previously entered you must retrieve the same in the Product Transaction Sub Type Mapping Summary screen as follows 1 Invoke the Product Transaction Sub Type Mapping Summary screen from the browser 2 Select the status of the record that you want to retrieve for deletion deae ORACLE 4 5 5 4 5 6 4 5 7 3 Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The Product Transaction Sub Type Mapping Detail screen is opened in View mode 5 Select Delete operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Product Transaction Sub Type Mapping An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Product Transaction Sub Type Mapping Summary screen 1 Invoke the Product Transaction Sub Type Mapping Summary screen from the Browser 2 Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the co
60. have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 2 Invoke the Management Fee Applicability Summary screen from the Browser Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the Unauthorized option from the drop down list Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to modify in the list of displayed records The Management Fee Applicability Detail screen is displayed Select Unlock Operation from Action list to modify the record Modify the necessary information Click Save to save your changes The Management Fee Applicability Detail screen is closed and the changes made are reflected in the Management Fee Applicability Summary screen Viewing Management Fee Applicability To view a Management Fee Applicability you have previously entered you must retrieve the same in the Management Fee Applicability Summary screen as follows 1 2 Invoke the Management Fee Applicability Summary Screen from the Browser Select the status of the record that you want to retrieve for vi
61. have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing query in the following manner Press F7 Input the product ID d ORACLE 4 5 2 4 5 3 4 5 4 Press F8 You can perform Edit Delete Amend Authorize Reverse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Editing Product Transaction Sub Type Mapping You can modify the details of a record that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 Invoke the Product Transaction Sub Type Mapping Summary screen from the Browser 2 Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to modify in the list of displayed reco
62. have to enter information in all fields 4 ORACLE Click PortFolio Mapping tab to enter the details Product Maintenance Detail H save Product Information Product ID Existing Product No Product Name 1 Product Base Currency s Rule Effective Date E Currency Name Product Short Name e ProductCounty J Product Mnemonic Product Country I Product Type az i Description Me Product Type Description Plan Administration By m A Plan Administration By e Product Class LH Description Product Class 22 Plan Administrator OO t HESTUINOS Plan Administrator e Description Fetch Product Type Info Product Details Additional Inv Bank Det Withdrawals Ji FATCA Information LETS Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Back Dating Details Back Dating Allowed Yes Back Dating Period UCITS Fund Allowed No Product Portfolio Available Sponsor 10f1 G 1011 eg v Fund ID Fund Name gl Sponsor ID x Description i FI r7 S 1 m D E D Input by DateTime Mod No Authorized by DateTime Open Authorized BackDating Details Section BackDating Allowed Mandatory Select this option to indicate back dating is allowed for transactions carried out for policies under this product You will be allowed to change this option for a fund under the product BackDating Period Optional Th
63. he description of the sub type selected a ORACLE 34 Product Type Summary Screen Invoke the Product Type Maintenance Summary screen by typing LESPRTYP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Product Type Maintenance Summary Authorized Open Product Type FE Description a Advanced Search Records per page 15 v 1 of 1 Authorized Open Product Type Description 3 4 1 Retrieving Product Type in Product Type Screen You can retrieve a previously entered record in the Summary screen as follows Specify any or all of the following details in the Product Type Summary screen e Select the status of the record in the Authorization Status field If you choose the Blank Space option then all the records are retrieved e Select the status of the record in the Record Status field If you choose the Blank Space option then all the records are retrieved e Product Type e Description After you have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing query in the following manner Press F7 Input the Product Type Press F8 You can perform Edit Delete Amend Authorize Reve
64. he withdrawal amount Withdrawal Limit Percentage Optional This field will be enabled if you have specified the Withdrawal Limit Mode as Percentage Specify the maximum percentage of holdings that the Policy Holder is allowed to withdraw Withdrawal Limit Basis Optional This field will be enabled if you have specified the Withdrawal Limit Mode as Percentage Specify the applicability of the withdrawal percentage The percentage you have specified might apply to the Contribution Amount Compounded Contribution or Market Value Minimum Withdrawal Amount Optional This field will be enabled if you have specified the Withdrawal Limit Mode as Amount Specify the minimum amount that a Policy Holder can be withdraw from the holdings Maximum Withdrawal Amount Optional This field will be enabled if you have specified the Withdrawal Limit Mode as Amount Specify the maximum amount that a Policy Holder can be withdraw from the holdings Compounding Factor Optional This field will be enabled if you have specified the Withdrawal Limit Mode as Percentage and the Withdrawal Limit Basis as Compounded Contribution Specify the compounding factor to be used in calculations Withdrawal Money Payable Optional Specify whether the withdrawal money is payable to the customer administrator or product account Automatic Surrender Section Process Automatic Surrender Indicate whether a policy should be automatically surrendered if the marke
65. hich the fiscal year ends Type of Retirement Plan Optional Select the type of IRA 2 ORACLE Note This field will be applicable to those Product Types for which you have selected the option Yes against the field IRA Applicable Retirement Age at which Surrender reguired Optional Specify the age at which the Policy Holder must surrender the policy Prod Remarks Optional You may enter remarks on the Product if necessary Reinvest IRA Income Optional Select the option Yes to indicate the income from IRA Plan is to be reinvested in the same plan Select the option No to indicate the income is to be paid out to the Policy Holder Note This field will be applicable to those Product Types for which you have selected the option Yes against the field IRA Applicable Beneficiary Details Mandatory Mandatory This field will by default be checked During product amendment system checks if there are any policies associated to the product in which case you will not be allowed to uncheck this option Note If this option is checked it is mandatory to specify beneficiary details in the policy mainte nance screen Pay Broker Commission to product Optional Select Yes if pay broker commission is set to the product CGT Applicable Mandatory Select Yes if CGT is applicable Constituent Details Mandatory Mandatory If you select Yes it is mandator
66. horized Authorized option 3 Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All transactions with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to view in the list of displayed records in the lower portion of the screen The PIGSFOREX Compliance screen is opened in View mode Deleting PIGSFOREX Compliance You can delete only unauthorized records in the system To delete a record that you have previously entered you must retrieve the same in the PIGSFOREX Compliance Summary screen as follows 1 Invoke the PIGSFOREX Compliance Summary screen from the browser 2 Select the status of the record that you want to retrieve for deletion 3 Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The PIGSFOREX Compliance Detail screen is opened in View mode 5 Select Delete operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing PIGSFOREX Compliance An unauthorized record must be authorized in
67. ible for any loss costs or damages incurred due to your access to or use of third party content products or services
68. ieve a previously entered record in the Summary screen as follows Specify any or all of the following details in the Product Load Summary screen e Select the status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved e Select the status of the record in the Open field If you choose the Blank Space option then all the records are retrieved e Product ID e Rule Effective Date After you have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing query in the following manner Press F7 Input the Product Type Press F8 ad ORACLE 5 3 2 5 3 3 5 3 4 You can perform Edit Delete Amend Authorize Reverse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Example You can search the record for Product ID by using the combination of and alphanumeric value as follows e Search by A System will fetch all the records whose Product ID starts from Alphabet A For example AGC17 AGVO6 AGC74 and so forth e Search by 7 System will fetch all the records whose Product ID ends by numeric value 7 For example AGC17 GSD267 AGC77 etc e S
69. ing applications that may create a risk of personal injury If you use this software or hardware in dangerous applications then you shall be responsible to take all appropriate failsafe backup redundancy and other measures to ensure its safe use Oracle Corporation and its affiliates disclaim any liability for any damages caused by use of this software or hardware in dangerous applications This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws Except as expressly permitted in your license agreement or allowed by law you may not use copy reproduce translate broadcast modify license transmit distribute exhibit perform publish or display any part in any form or by any means Reverse engineering disassembly or decompilation of this software unless required by law for interoperability is prohibited The information contained herein is subject to change without notice and is not warranted to be error free If you find any errors please report them to us in writing This software or hardware and documentation may provide access to or information on content products and services from third parties Oracle Corporation and its affiliates are not responsible for and expressly disclaim all warranties of any kind with respect to third party content products and services Oracle Corporation and its affiliates will not be respons
70. iodic load to a Product and also to the underlying fund The Periodic Load Maintenance screen shown below facilitates the same You can invoke the Periodic Load Maintenance Detail screen by typing UTDPERLM in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Periodic Load Maintenance Detail H save Reference Number Periodic Load Maintenance Fund Product Group Fund Fund ID Rule Effective From Date Rule Effective To Date Product ID Product Description Group ID H Group Description ISIN Code H Fund Name Load ID Load Description From Entity Type 9 From Entity Type Description To En es ay Typ To Entity Type Description Nature of Load Nature of Load Action For Load Description Management Fee Load ID Action Name Intermediary Load Description Last Processed Date Intermediary Details Load Details Processing Frequency H Processing Frequency No of Decimals Penapis r Next Date To Process Round Off Truncate Round Off i se M Minimum Holding Period ayment Lag Freguen az y e Payment Lag Frequency Accrual Frequency la Description Last Accrual Date Accrual Frequency Next Accrual Date Description Last Accrual Application FDAP income No x Date Payment Lag FirstLoad To Be Trailer Commission Computed Netted AUM For Second Nols Input by
71. is field will be enabled if you have specified that back dating is allowed for transactions under this product Specify the number of days by which the transaction can be back dated UCITS Allowed Select if UCITS is allowed or not from the adjoining drop down list Following are the options available e Yes e No If you select Yes during the portfolio mapping you can select UCITS funds as part of portfolio If you select No then during portfolio mapping the system will not allow you to select a UCITS fund The system will display the following error message The product does not allow UCITS funds Once the product is authorised UCITS Fund field is non amendable Available Sponsor Section You can add the Sponsor ID by selecting the values from the option list 4 18 ORACLE 4 2 2 6 Product Port Folio Section You can add the Fund ID and Reinvestment Fund ID by selecting the values from the option list The Fund Name of the selected Fund ID is displayed in the Fund Name field Specifying Premium and Annuity Details You will be able to see this link only if you have chosen a product type for which the option Premium and Annuity Applicable is set to Yes Click Premium amp Annuity tab to enter the details Product Maintenance Detail New Enter Query Product Information Existing Product No Product ID Rule Effective Date Product Name Product
72. ity Restrict CMA For Initial Investment Redeem Periodic Fee From CMA Fund Cession Applicability KYC Applicable CMA Fund Description Prudential Investment Guidelines Foreign Exchange Compliance ROA Applicable DateTime DateTime Product Start Date dd MM yyyy Date Format Mandatory Mod No Open Authorized Specify the date on and beyond which the Product is available for transactions by the Policy Holders Note This date must not be earlier than the Application Date except if the Product is an existing one Product End Date dd MM yyyy Date Format Mandatory Specify the date on and beyond which the Product is not available for transactions by the Policy Holders ORACLE Note This date must not be earlier than the Application Date and the Maturity Date of a policy Prod Min Tenor Mandatory and Enabled only if Maturity Date Basis for Product Type is Minimum Tenor Specify the minimum age for policies in this Product in terms of number of years The age in number of years is referred to as the term of the Product and is considered from the Start Date of the Product Note This field will be enabled only if you have selected the option Minimum Tenor against the field Maturity Date Basis for the Product Type in the Product Type Maintenance screen Retirement Age Mandatory and Enabled only if Maturity Date Basis for Product Type is
73. le click the record that you want to modify in the list of displayed records The Product Entity Detail screen is displayed Select Unlock Operation from Action list to modify the record Modify the necessary information Click Save to save your changes The Product Entity Detail screen is closed and the changes made are reflected in the Product Entity Summary screen Viewing Product Entity To view a Product Entity you have previously entered you must retrieve the same in the Product Entity Summary screen as follows 1 2 Invoke the Product Entity Summary Screen from the Browser Select the status of the Product Entity that you want to retrieve for viewing in the Authorized field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All transactions with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Product Entity screen is opened in view mode Deleting Product Entity You can delete only unauthorized records in the system To delete a record that you have previously entered you must retrieve the same in the Product Entity Summary screen as follows 1 2 3 In
74. maintained in the system Product Name Display Upon selection of the product id the system displays the name of the selected product Rule Effective Date Mandatory Specify the date from when the Product Load mapping that is currently being set up should become effective The Rule Effective Date should be later than or same as the Fund Start Date and it should also be later than or same as the current application date of the system 9 ORACLE Latest Rule Mandatory If you want latest rule to be applied select Yes else No Product Load Details Section Sequence Number Mandatory Enter the seguence number Transaction Type Mandatory This is to indicate the transaction type for which the loads are being defined Select the Transaction Type from the list given in the drop down menu Transaction Name Display Upon selection of the transaction type the name of the selected transaction gets populated automatically Load ID Mandatory Select the ID of the load that must be applied for the selected product Load Description Upon selection of the load id the description of the selected load gets populated automatically From Entity Type Mandatory Specify the entity that bears this load Select the Entity Type from the option list Following list are provided in the option list e AMC e Agent e Broker e Distributor e Fund e Registrar e Trustee e Unit Holder Description Upon sel
75. mation entered Invoking Screen You can invoke the Product Type Maintenance Detail screen by typing LEDPRTYP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button ORACLE 3 2 2 The following screen is invoked Product Type Maintenance Detail i New 3 Enter Query Product Type Maturity Date Basis RetirementAge Description IRAApplicable No Life Insurance Feature ase Apply 120 Rule Yes Premium and Annuity Minimum Age For Entry Applicable Maximum Age For Entry Retirement Feature Minimum Age For Exit Supported Maximum Age For Exit Allow Investment Into Money Allow Unit Based No Market Funds Transactions Override Age Limit Funding Feature Supported Included Transaction Sub Types 1of1 Transaction Sub Type Description Input by DateTime Authorized by DateTime Mod No Open Authorized Fields in Product Type Screen You will have to enter information in the following fields Product Type 4 Characters Maximum Alphanumeric Mandatory Specify a unique identification for the Product Type that is being defined through this screen This identification will be used whenever subsequent reference is made to this Product Type in the system Description Mandatory Give the Product Type a description which will help you identify the same easily Life Insurance Feature Supported Mandator
76. n Status field If you choose the Blank Space option then all the records are retrieved 2 Select the status of the record in the Record Status field If you choose the Blank Space option then all the records are retrieved Product ID After you have specified the reguired details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing guery in the following manner Press F7 Input the Product ID Press F8 s ORACLE 8 3 2 8 3 3 You can perform Edit Delete Amend Authorize Reverse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Example You can search the record for Product Type by using the combination of and alphanumeric value as follows Search by A System will fetch all the records whose Product Type starts from Alphabet A For example AGC17 AGVO6 AGC74 etc Search by 7 System will fetch all the records whose Product Type ends by numeric value 7 For example AGC17 GSD267 AGC77 etc Search by 17 System will fetch all the records whose Product Type contains the numeric value 17 For example GSD217 GSD172 AGC17 etc Editing Management Fee Applicability You can modify the details of a record that you
77. n types for the appropriate products The load details maintained will be attached to the products using this maintenance screen Invoking Screen You can invoke the Product Load Maintenance Detail screen by typing LEDPRLD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button a ORACLE 5 2 2 The following screen is invoked Product Load Maintenence Detail New Enter Query Product ID Rule Effective Date Product Name LatestRule No Product Load Details Seq No No of Decimals Transaction Type Round Offfruncate RoundOff Transaction Name VAT Applicable No Load ID Slab Basis Gross Amount Price Addin Yes Load Description From Entity Type Description Level ID To Entity Type Dependent Level Description LoadToPrice Yes Processing Frequency Allocation Apply To Product No Other Details 1of1 E Ref Type Description Fund Details 1of1 Fund ID Fund Name Input by DateTime Mod No Authorized by Open DateTime Authorized Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the Product Load Fields in Product Load Maintenance Screen Product ID Mandatory Select the product for which the Product Load mapping is being set up The option list displays all the authorized products
78. n za ains ois eee ie aa 4 30 4 4 2 Fields in Product Transaction Sub Type Mapping Screen 4 30 4 5 Product Transaction Sub Type Mapping Summary iis esse sse 4 31 4 5 1 Retrieving Product Transaction Sub Type Mapping ssssss 4 31 4 5 2 Editing Product Transaction Sub Type Mapping sssessssss 4 32 4 5 3 Viewing Product Transaction Sub Type Mapping mmnna 4 32 4 5 4 Deleting Product Transaction Sub Type Mapping uuesusss 4 32 4 5 5 Authorizing Product Transaction Sub Type Mapping ss 4 33 4 5 6 Amending Product Transaction Sub Type Mapping sssss 4 33 4 5 7 Authorizing Amended Product Transaction Sub Type Mapping 4 33 Product ACUVIUGS eo EREGAS GESE iari RE ende daik SEE SA ER IE EK EES Ee 5 1 5 1 Introduction N EO N 5 1 5 2 Product Load Setup ESSEN Er esac SE Pa edet epa ee RU e D ee AT 5 1 5 2 1 INVOKING Screen sv nea dn GEE GE Ge GEE n EED ee d nn 5 1 5 2 2 Fields in Product Load Maintenance Scre n iese esse ee ee se Re ee ee 5 2 5 3 Product Load Summary Screen 0 eee eee ee AR Ee AA ee ee ee ee eene 5 7 5 3 1 Retrieving Product Load in Product Load Screen ie se ee ee 5 7 O32 Editing Product Load ne o e epo ty a 5 8 5 3 3 Viewing Product Load sse enne 5 8 5 3 4 Deleting Product Load sse nennen nnns 5 8
79. ncy Name Product Mnemonic Product Country Product Type Product Country Product Type Description Description Product Class Plan Administration By Product Class Plan Administration By Description Description Plan Administrator Fateh Product Tna Inf Plan Administrator Description i WHT Applicable i Reinvestment v EER caitional in Bank Det Withdrawals PortFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Product Details Auto Clear Prov Bal Product Start Date Option not Allowed Y Product End Date Auto Clear Prod Min Tenor i Reinvestments Retirement Age Option not Allowed M Minimum Age For Entry Retirement Age at which j Surrender required E ABE Reinvest IRA Income Yi Minimum Age For Exit dad Maximum Age For Exit Pay Broker Commission No e m to Product Minimum Initial Investment Prod Remarks Maximum Initial ROA Computation Method Investment Description Maximum Annual Include Current TXN For No Contribution ROA Early Termination Allowed Yes M Include Re Investment No Policy Statement da Freguency Switch Impact ROA No Description Cash Management No Tax Deductible Yes Account Applicability Contributions Allowed Restrict CMA For Initial No Fiscal Start Date Investment Fiscal End Date Redeem PeriodicFee No Type Of Retirement Plan From CMA Fund Description C
80. ng Tax Summary screen Viewing Product With Holding Tax To view a Product With Holding Tax you have previously entered you must retrieve the same in the Product With Holding Tax Summary screen as follows 1 Invoke the Product With Holding Tax Summary Screen from the Browser 2 Select the status of the record that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option 3 Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Product With Holding Tax screen is opened in view mode Deleting Product With Holding Tax You can delete only unauthorized records in the system To delete a record that you have previously entered you must retrieve the same in the Product With Holding Tax Summary screen as follows 1 Invoke the Product With Holding Tax Summary screen from the browser 9 ORACLE 6 3 5 6 3 6 6 3 7 2 Select the status of the record that you want to retrieve for deletion 3 Specify any or all of the details of the record in the corresponding fields on the screen and click S
81. nter information in the following fields in this section Age From Mandatory Specify the age from which the rebates are applicable Age To Mandatory Specify the age up to which the rebates are applicable Rebate Amount Mandatory Specify the amount of rebate that is applicable You can click add icon to add the tax details Note The year end tax is computed in product base currency hence the tax amount in product currency is converted to policy base currency before redemption as redemption happens in policy base currency If annuity tax computation happens at policy holder level the annuity amount gets converted in terms of product base currency to derive the load slab for WHT com putation Saving information Entered When you have entered all the mandatory information click Ok button The system displays the confirmation message as Record Successfully Saved This indicates the record has been saved Click Ok button 9 9 ORACLE 6 3 Product With Holding Tax Summary Screen You can invoke the Product With holding Tax Summary screen by typing LESPWHTD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Product With holding Tax Summary Authorized Open Product ID ag Effective Date Advanced Search Records per page 15 v 1 af 1 Authorized Open Product ID Effective Date L
82. oad ID x 6 3 1 Retrieving Product With Holding Tax in Product With Holding Tax Screen You can retrieve a previously entered record in the Summary screen as follows Specify any or all of the following details in the Product With Holding Tax Summary screen 1 Select the status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved 2 Select the status of the record in the Record Status field If you choose the Blank Space option then all the records are retrieved e Product ID e Effective Date After you have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing query in the following manner Press F7 Input the Product ID Press F8 You can perform Edit Delete Amend Authorize Reverse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value 95s ORACLE 6 3 2 6 3 3 6 3 4 For example You can search the record for Product Type by using the combination of and alphanumeric value as follows e Search by A System will fetch all the records whose Product Type starts from Alphabet A For example AGC17 AGVO6 AGC74 and so forth e Se
83. ocess of authorization is subseguently the same as that for normal transactions 21 ORACLE 6 1 6 2 6 2 1 6 Product With Holding Tax Introduction The system provides the facility of capturing the details of tax applicability on annuity payments Note With Holding Tax Products can be defined through the Fund Manager component only The With Holding Tax Product Load Mapping screen allows you to capture the characteristics of the With Holding Tax Product you wish to maintain The next section gives you step by step instructions to do the same Creating and Saving With Holding Tax Product The following are the steps you need to follow to define a With Holding Tax Product Each of these steps is explained in detail in subsequent sections e Invoke the With Holding Tax Product Load Mapping screen e Enter information in the With Holding Tax Product Load Mapping screen e Save the information entered Invoking Screen You can invoke the Product With holding Tax Detail screen by typing LEDPWHTD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is invoked E Product With holding Tax Detail New Enter Query Product Withhold Tax Product ID Load ID Product Name Load Description Effective Date Age Limit Applicable for Yes Applicable for CGT Yes Rebates Details 1of1 Age F
84. ock operation which is termed as Amend Operation 1 Invoke the Management Fee Applicability Summary screen from the Browser 2 Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized 3 Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to amend The Management Fee Applicability screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record a ORACLE 5 Amend the necessary information Click the Save button to save your changes 8 3 7 Authorizing Amended Management Fee Applicability An amended Management Fee Applicability must be authorized for the amendment to be made effective in the system Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The process of authorization is subseguently the same as that for normal transactions 99 ORACLE 9 1 9 General Ledger Set Up Introduction Oracle FLEXCUBE Investor Servicing provides the facility to set up a General Ledger for the purpose of generating accounting entries that would be passed at each event in the life cycle of a transaction For Life and Endowment Products you can set up a GL template for the following Bu
85. of authorization is subsequently the same as that for normal transactions ea ORACLE 4 1 4 2 4 2 1 4 Product Introduction Each of the Life and Endowment Products that the Life and Endowment Company provides to the Policy Holders must be defined in the Oracle FLEXCUBE Investor Servicing FCIS system The Policy Holders buy policies in any of these products depending upon their need and requirements Note Products can be defined through the Fund Manager component only The Product Maintenance screen allows you to capture the generic characteristics of the Product you wish to maintain The next section gives you step by step instructions to do the same Creating and Saving Product The following are the steps you need to follow to define a Product Each of these steps is explained in detail in subsequent sections e Invoke the Product Maintenance screen e Enter information in the Product Maintenance screen e Save the information entered Invoking Screen Invoke the Product Maintenance Detail screen by typing LEDPROD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button T ORACLE 4 2 2 The following screen is invoked Product Maintenance Detail EG New 153 Enter Query Product Information Existing Product No Product ID Rule Effective Date Product Name Product Base Currency Product Short Name Curre
86. on of management fees surrender at a policy level to handle exceptional situations like death and so on may need to be made to a default product bank account and not to the Policy Holder bank account Several bank accounts can be associated with a product Note This section is mandatory You will have to enter information in all fields is ORACLE Click Bank Det tab to enter the details Product Maintenance Detail New Enter Query Product Information Existing Product No Product ID Rule Effective Date Product Name Product Base Currency Product Short Name Currency Name Product Mnemonic Product Country Product Type Product Country Product Type Description Description Product Class Plan Administration By Product Class Plan Administration By Description Description Plan Administrator Fateh Product Tyne Info Plan Administrator Description WHT Applicable Reinvestment Product Details Additional inv AA Withdrawals PortFotio Mapping Premium And Annuity Loan And Funding Income Distribution Rule Transaction Currency Bank Details 1ofi s Bank Branch Account Type Description Account Currency Currency Name Account Number Input by DateTime Mod No Authorized by Open DateTime Authorized Bank Details Section Bank Mandatory Select the name of the bank where the Product account resides from the option list Branch Mandat
87. op up or switch transaction for a policy having funds in different currencies the load amounts for the individual funds are converted to policy base currency before the CMA transaction Tes ORACLE 11 1 11 Prudential Investment Guidelines Introduction The Prudential investment Guidelines allow for the allocation of the fund asset to a set of components This is to provision a facility to the client to select whether the underlying fund allocation should be compliant with the Prudential Investment Guidelines or should follow the standard defined by the Foreign Exchange Prudential Investment guidelines define the standards for total Onshore cash of the client PIGS Forex compliance is applicable for Initial Investment Policy Top Up Policy Surrender and Switch transactions For more information on mapping the various investment components to the allocated Fund refer to the chapter Fund Investment Components For defining the various investment component types please refer to Volume 1 of the fund manager module under the chapter Maintaining System Parameters For example let us consider a product mapped to the funds F1 and F2 The asset allocation for fund F1 is e Onshore Cash 25 e Onshore Equity 40 e Onshore Property 20 e Offshore Cash 05 e Offshore Equity 05 e Offshore Property 05 The asset allocation for fund F2 is e Onshore Cash 30 e Onshore Equity 50 e Onshore Property 05 e
88. ory Select the name of the branch of the bank where the Product account resides from the option list Account Type Mandatory Select the type of the Product account from the option list Account Currency Mandatory Select the currency of the Product account from the option list Account Number Mandatory Specify the account number of the Product account Default Bank Mandatory Select this option to indicate this is the default bank account You will need to specify one default bank account for every currency 4 14 ORACLE 4 2 2 4 Note You can specify the details of more than one bank by clicking add icon which adds a field wherein you can choose another bank IBAN 36 Characters Only Alphanumeric Optional Specify the IBAN International Bank Account Number of the account holder Specifying Withdrawal Details The information you enter in this screen will be applicable only for the minimum tenor that you have specified in the Product Maintenance screen Once the policy has matured these details will not be valid Click WithDrawals tab to enter the details Product Maintenance Detail New 7 Enter Query Product Information Existing Product No Product ID Product Name Product Short Name Product Mnemonic Product Type Product Type Description Product Class Product Class Description Rule Effective Date Product Base Currency Currency Name Product Country
89. ply To Product Optional You can apply the load at the product level by selecting Yes If load is applied at the product level then the load is computed based on the policy transaction amount If you select No the load will be computed based on the fund transaction amount Note Apply to Product is applicable only for NLTP loads This optional is not applicable for Switch In transactions and LEP interest transactions To set up the other load maintenance details for a product use the Product Load Maintenance Other Details screen You can invoke this screen by clicking Show Details button from the Product Load Maintenance screen 94 ORACLE Rule Effective Date Specify the rule effective date from the adjoining calendar Latest Rule Choose one of the following from the drop down list to indicate if it is latest rule e Yes e No No of Decimals 1 Character Maximum Numeric Mandatory Indicate the maximum number of decimals that would be reckoned for rounding precision for the load amount Round off Truncate Mandatory Indicate the rounding options for the load amount for the selected transaction type for the product e Choose Round Up to indicate rounding the value at the precision decimal place to the next higher numeral e Choose Round Off to indicate normal rounding at the precision decimal e Choose Round Down to indicate truncation of the value at the preci
90. pter 3 flow A reference has been made to a chapter in the Fund Manager User Manual where the process has been explained LEP Product Setup Product Type explains the second step in the work Chapter 4 flow Once you have maintained Product Classes the next step is to define various Products Types LEP Product Setup Product explains how to maintain Products under Chapters which a customer would buy a Policy LEP Product Setup Other Product Activities explains the process of set Chapter 6 ting up applicable fee or incentives for a product which in turn impacts the processing of transactions in the product It also deals with mapping enti ties to a product LEP Product Setup Product With Holding Tax You may refer to this chap Chapter 7 ter if for a Product you want to capture the details of tax applicability on annuity payments 1 1 1 5 1 5 1 1 5 2 1 6 LEP Product Setup Periodic Load A reference has been made to a chap ter in the Fund Manager User Manual where Periodic Load has been hapisre explained There is a difference in the way periodic load is maintained for UT transactions and Policies This chapter highlights the same Chapter 9 LEP Product Setup Management Fee Applicability may be referred to P only if a Management Fee is to be applied to a Product LEP Product Setup GL Set Up A reference has been made to a chapter Chapter 10 in the
91. rds The Product Transaction Sub Type Mapping Detail screen is displayed 5 Select Unlock Operation from Action list to modify the record Modify the necessary information 6 Click Save to save your changes The Product Transaction Sub Type Mapping Detail screen is closed and the changes made are reflected in the Product Transaction Sub Type Mapping Summary screen Viewing Product Transaction Sub Type Mapping To view a Product Transaction Sub Type Mapping you have previously entered you must retrieve the same in the Product Transaction Sub Type Mapping Summary screen as follows 1 Invoke the Summary Screen from the Browser 2 Select the status of the Product Transaction Sub Type Mapping that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unauthorized Authorized option 3 Specify any or all of the details of the records in the corresponding fields on the screen and click Search button All transactions with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to view in the list of displayed records in the lower portion of the screen The Product Transaction Sub Type Mapping screen is opened in view mode Deleting Product Transaction Sub Type Mapping You can delete only unauthorized records in the system To delete a record t
92. rom x AgeTo Rebate Amount x Input by DateTime Authorized by DateTime Mod No Open Authorized 1 ORACLE 6 2 2 6 2 2 1 Select New from the Actions menu in the Application tool bar or click new icon to enter the details of the Product WHT Setup Fields in Product WHT Setup Screen You can enter the following details in this screen WHT Product Load Mapping Section In the WHT Product Load Mapping section you will have to enter information in the following fields Product ID Mandatory Select the Product for which the tax on annuity details needs to be captured from the drop down list Load ID Mandatory Select the load corresponding to with holding tax from the drop down list Effective Date Mandatory Specify the date from which the tax details captured in this screen are effective Age Limit Applicable for Rebates Mandatory Select Yes to indicate an age limit constraint is applicable for eligibility for rebates on the tax Note If you select Yes the Rebate Details section is displayed as shown below Applicable for CGT Mandatory Select Yes if applicable for CGT Else No 6 2 ORACLE 6 2 2 2 Specifying Tax Details 6 2 3 Details 1of1 Age From Age To Rebate Amount Note This section will be displayed only if have checked the box Age Limit Applicable for Re bates You will have to e
93. rough the Product Type Maintenance screen will be available for selection in the option list Select the Product Type that is applicable to the Product Product Class Mandatory The Product Classes that you have specified through the System Parameters screen will be available for selection in the option list Rule Effective Date dd MM yyyy Mandatory Specify the date from which the Product profile definition will become effective for all transactions in this product By default this date is displayed as the next working day in the system Product Country Mandatory Select the country where the product will operate from the options provided in the option list When the system computes the withholding tax applicable on annuity payments in this Product the base country information that is specified here is taken into consideration Product Base Currency Mandatory Select the currency that the Product will use from the options provided in the option list The currency that you choose for the product will be the reference currency for all the fields identified as part of the Product Existing Product Mandatory Select Yes to indicate that the product is an existing product For an existing product the Product Start Date is earlier than the application date If any existing business products need to be entered into the system this field facilitates easy conversion of the same T9 ORACLE Plan Administration By Manda
94. rresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen 4 Double click the record that you wish to authorize The Product Transaction Sub Type Mapping Detail screen is opened in View mode 5 Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending Product Transaction Sub Type Mapping After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation 1 Invoke the Product Transaction Sub Type Mapping Summary screen from the Browser 2 Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized 3 Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to amend The Product Transaction Sub Type Mapping screen will be displayed in Amendment mode Click the Unlock operation from
95. rse Confirm operation by selecting from the Action list You can also search the record by using combination of and alphanumeric value Example ORACLE 3 4 2 3 4 3 3 4 4 You can search the record for Product Type by using the combination of and alphanumeric value as follows Search by A System will fetch all the records whose Product Type starts from Alphabet A For example AGC17 AGVO6 AGC74 etc Search by 7 System will fetch all the records whose Product Type ends by numeric value 7 For example AGC17 GSD267 AGC77 etc Search by 17 System will fetch all the records whose Product Type contains the numeric value 17 For example GSD217 GSD172 AGC17 etc Editing Product Type You can modify the details of a record that you have already entered into the system provided it has not been subsequently authorized You can perform this operation as follows 1 2 Invoke the Product Type Summary screen from the Browser Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the unauthorized option from the drop down list Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified All unauthorized records with the specified details are retrieved and displayed in the lower portion of the s
96. screen is opened in View mode 5 Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending Product Type After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation 1 Invoke the Product Type Summary screen from the Browser 2 Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized 3 Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to amend The Product Type screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record 5 Amend the necessary information Click the Save button to save your changes Authorizing Amended Product Type An amended product must be authorized for the amendment to be made effective in the system Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The process
97. sidered while processing 100 outflow transactions by default e Allowed Default unchecked Freeze held reinvestment units will not be considered while processing 100 outflow transactions by default However you can check this option while performing transactions Foreign Exchange Compliance Optional Indicate if you are defining rules for Foreign exchange compliance You can define rules by selecting either Prudential Investment Guidelines or Foreign Exchange Compliance The rules are defined on the number of investment components available or also a combination of these investment components There is no restriction placed on the number of components which can be selected to define a rule Xs ORACLE For example you can specify two components for a rule for a rule seguence 1 you can define two components with a threshold percentage within 0 100 Rule Components Operator Threshold Description selected for the percentage ID lt gt S 2 rule ER 0 100 Rule1 PIG Compliance Total CA1 CA2 lt 100 Cash Rule 2 FOREXCOMPLI CA2 EQ2 PR2 lt 15 ANCE Cession Applicability Optional Indicate whether you want to allow policies associated with this product for policy cession maintenance Refer to the chapter Policy Cession Maintenance in the LEP User Manual for details ROA Applicable Optional Indicate whether a Rate of accumulation is applicable for a product
98. siness Events e New Investment e Monthly Charges Periodic Fees e Income Distribution e Withdrawals e Top Up e Premium e Annuity e Policy Transfer e Policy Switch e Policy Switch SI ORACLE Given below is the General Ledger Template SetUp screen You can invoke the GL Template Detail screen by typing UTDGLTMP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button GL Template Detail New 5 Enter Query Template Details Template ID Template Description Business Event Trigger Event Theoretical Entries GL Currency Product Level Apply Component amp Primary Account Details Component ID Component Description Debit Credit Select One Primary Account Details Entity UnitholderlD GL Setup For Accounting Currency Fund Base Currency Y Account Number Bank Branch UH AC Info i Transaction Currency UH A C Info Y Direct Debit UH AIC Info E Contra Account Details Contra Entity UnitholderID GL Setup For Contra Accounting Currency Fund Base Currency v Contra Account Number Contra Bank Branch UH AIC Info M Contra Transaction Currency UH A C Info M Direct Debit Applicable UH A C Info M Input by DateTime Authorized by DateTime Mod No Open Authorized Refer to the chapter Interfaces with External Systems in Interface User Manual for f
99. sion decimal place VAT Applicable Mandatory Select Yes in this field to indicate that the Load to Price is applicable Therefore VAT Load to Price is dependent on Load to Price Slab Basis Optional Indicate the basis on which the slabs will be reckoned for an amount based load that you are designating as applicable for the product You can indicate that the slabs must be reckoned on either a gross amount or a net amount Price Add In Mandatory Select this option to indicate that the add in factor is to be applicable for computing the return value for the load for the selected transaction type The add in factor is used to arrive at the return value for a load at the time of allocation Level ID Optional Indicate the order in which the load is to be applied Load is computed based on the policy transaction amount and applied in the order of level id specified Note Level ID is not applicable for LTP loads v9 ORACLE Dependent Level Optional Indicate the dependent level for the selected load if any In case the load has a dependent level then load will be applied on the difference between the transaction amount and the sum of all dependent level load amounts without considering all recursive levels Note The dependent level Id must be less than the Level Id The dependent level Id is not ap plicable for LTP loads Other Details 1of1 Ref Type Description Ref Type Mandatory
100. t Note You will be allowed to change this at the policy creation level for the initial contribution and then at the transaction level for top ups Loans Section Loan Applicable Select Yes if Loan is applicable else No Geared Loan Factor Enter the geared loan factor No of Loan Allowed Enter the number of loans allowed Minimum Loan Amount Enter the minimum loan amount Maximum Loan Amount Enter the maximum loan amount Loan Interest Percent Enter the loan interest percent Redeem Loan Interest from holdings Enter the redeem loan interest from holdings Specifying Income Distribution Rule Details You will be able to see this link only if for the product you have selected the option No against the field Reinvest IRA Income As you have specified that the IRA income should not be reinvested you will need to specify the income distribution You are allowed to specify different distribution modes depending on the age of the Policy Holder ES ORACLE 4 2 2 9 Click Income Distribution Rule tab to enter the details Product Maintenance Detail New Enter Query Product Information Existing Product No Product ID Rule Effective Date Product Name Product Base Currency Product Short Name Currency Name Product Mnemonic Product Country Product Type Product Country Product Type Description Description Product Class Plan Administration By Prod
101. t value of the policy goes below a threshold amount Consequently when you do surrender by default the money 4 19 ORACLE 4 2 2 5 will be transferred to the unitholder s bank account But here the money will be transferred to the bank account of the product and not to the unitholder Threshold Policy Market Value You will be allowed to enter the threshold policy market value if you have selected Yes for Automatic Surrender If the policy market value reaches less than the amount that you specify here the system will automatically trigger a 100 policy withdrawal transaction Adjustment Transaction Sub Types Section Adjustment Transaction Sub Types 1of1 Applicable AdjTxn Type Applicable AdjTxn Description Specify the applicable transaction sub types for the adjustment withdrawal If you do not specify it then all outflow transactions would affect withdrawal counter at policy level Available Transaction Sub Types Mandatory The transaction sub types in the column Applicable AdjTxn Type are the transactions that can be mapped to this withdrawal You can add the transaction sub types by clicking add icon Specifying Portfolio Mapping Details You will need to maintain the Product Portfolio details A Product Portfolio contains the funds that are mapped to the Product and available to customers for investing when they take a policy in that Product Note This section is mandatory You will
102. te operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Product Load An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Product Load Summary screen 1 2 5 Invoke the Product Load Summary screen from the Browser Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen Double click the record that you wish to authorize The Product Load Detail screen is opened in View mode Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending Product Load After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation
103. the PIGSFOREX Compliance Summary screen from the Browser 2 Select the status of the record that you want to retrieve for modification in the Authorization Status field You can only modify records that are unauthorized Accordingly choose the unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen to retrieve the record that is to be modified Click Search button All unauthorized records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to modify in the list of displayed records The PIGSFOREX Compliance Detail screen is displayed 5 Select Unlock Operation from Action list to modify the record Modify the necessary information 6 Click Save to save your changes The PIGSFOREX Compliance Detail screen is closed and the changes made are reflected in the PIGSFOREX Compliance Summary screen Viewing PIGSFOREX Compliance To view a PIGSFOREX Compliance you have previously entered you must retrieve the same in the PIGSFOREX Compliance Summary screen as follows 1 Invoke the Summary Screen from the Browser 119 ORACLE 11 2 4 11 2 5 11 2 6 2 Select the status of the PIGSFOREX Compliance that you want to retrieve for viewing in the Authorization Status field You can also view all records that are either unauthorized or authorized only by choosing the Unaut
104. the system for it to be processed To authorize a record you must first retrieve the same in the PIGSFOREX Compliance Summary screen 1 Invoke the PIGSFOREX Compliance Summary screen from the Browser 2 Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list 3 Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen 4 Double click the record that you wish to authorize The PIGSFOREX Compliance Detail screen is opened in View mode 5 Select Authorize operation from Action list When the checker authorizes a record details of validations if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending PIGSFOREX Compliance After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation 11 ORACLE 1 Invoke the PIGSFOREX Compliance Summary screen from the Browser 2 Select the status of the record that you wish to retrieve for amendment You can only amend records that
105. tions if any that were overridden by the maker of the record during the Save operation are displayed If any of these overrides results in an error the checker must reject the transaction Amending Product After a record is authorized it can be modified using the Unlock operation from Action list To make changes to a record after authorization you must invoke the Unlock operation which is termed as Amend Operation 1 Invoke the Product Summary screen from the Browser 2 Select the status of the record that you wish to retrieve for amendment You can only amend records that are authorized 3 Specify any or all of the details of the record in the corresponding fields on the screen All records with the specified details are retrieved and displayed in the lower portion of the screen 4 Double click the record that you want to amend The Product screen will be displayed in Amendment mode Click the Unlock operation from the Action list to amend the record 5 Amend the necessary information Click the Save button to save your changes Authorizing Amended Product An amended product must be authorized for the amendment to be made effective in the system Authorization of amended records can only be done from Fund Manager Module and Agency branch Module The process of authorization is subsequently the same as that for normal transactions Mapping Product and Transaction Sub Type The Product Transaction Sub Type M
106. to keep in mind the following for loads for CMA e Typically the distribution fees like admin and broker fees are maintained as Level 1 loads and first deducted from the investment The UT fee maintained as Level 2 is applied only on the net amount e You should map two product level loads which are the exact copy of the load mapped as part of the product periodic load mapping for ongoing admin and broker fees Both fees should be defined as Level 1 loads e The load mapped above enables the system to project the ongoing fees for the year deduct the same proportionately from the investment and invest it in the CMA This ensures that the balance in the CMA fully meets the ongoing fees requirement e Youcan choose whether or not loads should be applicable for transactions in the Cash Management Account fund If you choose not to maintain any you need to have criteria based loads to indicate to the system that the CMA should be excluded from ongoing and initial fee calculations for both admin and broker fee e The loads for a CMA transaction will be ROA applicable and be chosen on the basis of the value of the transaction in case of an initial investment or on the basis of the market value of an investor in case of an existing investor doing a top up e The system will not consider VAT for a Unit holder for CMA type of loads e The system considers all policies on which the ongoing fees have been calculated as part of allocations on a
107. tory Select the entity that will administer the plan The option list includes all the options that you have maintained in the System Parameters Maintenance screen for the Parameter Code POLICYCODE Refer to the chapter Maintaining System Parameters in the Security User Manual for further information on the System Parameters Maintenance Plan Administrator Mandatory Select the administrator for the entity that you have chosen The option list includes all the entities that you have maintained in the Single Entity Maintenance screen Refer to the chapter Maintaining Reference Information in the Reference Information User Manual for further information on the Single Entity Maintenance screen WHT Applicable Mandatory Select the option to indicate withholding tax needs to be calculated on the reinvested income from the policies in this Product The options in the drop down are as follows e Relnvestment e Divident Payout e Relnv amp Divid e Relnv amp Annuity e Annuity amp Divid e Relnvestment amp Divident amp Annuity ta ORACLE 4 2 2 1 Specifying Product Details Click Product Details tab to enter the details Product Maintenance Detail New t Enter Query Product Information Product ID Product Name Product Short Name Product Mnemonic Product Type Product Type Description Product Class Product Class Description Fateh Product Tyne Info Existing Product
108. tton Product Entity Summary Screen You can invoke the Product Entity Maintenance Summary screen by typing LESPRDEN in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button The following screen is displayed Product Entity Maintenance Summary Authorized X Product ID 23 Entity ID Entity Type Open Advanced Search Reset Records per page 15 v 1 of 1 Authorized Open Product ID Entity ID Entity Type ORACLE 5 5 1 5 5 2 Retrieving Product Entity in Product Entity Screen You can retrieve a previously entered record in the Summary screen as follows 1 Invoke the Product Entity Summary Screen from the Browser 2 Select the status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved 3 Select the status of the record in the Open field If you choose the Blank Space option then all the records are retrieved e Product ID e Entity Type e Entity ID After you have specified the required details click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Note You can also retrieve the individual record detail from the detail screen by doing query in the following manner Press F7 Input the Product Type Press F8 You can perform Edit Delete Amend Authorize Reverse
109. uct Class Plan Administration By Description Description Plan Administrator Plan Administrator Description WHT Applicable Reinvestment Product Details Additional Inv Bank Det Withdrawals PortFolio Mapping Premium And Annuity Loan And Funding Income Distribution Rue Transaction Currency Income Distribution Rule 1of1 Slab Sequence No FromAge ToAge Def Dis Mode Override Allow Reinvest Into Same Fund ves Input by DateTime Mod No Authorized by Open DateTime Authorized Slab Sequence No Mandatory Specify the sequence of the age slab From Age and To Age Mandatory Specify the ages between which the distribution mode you select will be applicable Def Dis Mode Mandatory Specify whether the dividend income distributed will be reinvested or paid out The option you select will be valid between the From Age and To Age you have specified Override Allow Mandatory If you select the option Yes you will be allowed to override the distribution mode that you have specified for the Policy Holder through the Income Distribution SetUp screen Specifying Transaction Currency Details An LEP product can support multiple currencies The base currency of the policy can be any of the currencies supported by the product If the product and policy base currencies are different and if the load is maintained at product level the policy transaction amount in product
110. umeric Select the classification of FATCA from the adjoining option list FATCA Classification is mandatory if FATCA Applicable is Yes FATCA Reason Alphanumeric Optional Specify the reason for FATCA classification Employer ID Number Alphanumeric Specify the employer ID number The Employer ID Number is mandatory if the FATCA Applicable is Yes 4 20 ORACLE FATCA Effective Date Date Format Specify the FATCA Effective Date if FATCA is applicable FATCA Effective Date cannot be lesser than the product rule effective date 43 Product Summary Screen You can invoke the Product Summary screen by typing LESPROD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Product Summary Authorized Open Product ID i Product Name Rule Effective Date Advanced Search Reset Records per page 15 v 1 0 1 Authorized Open Product ID Product Name Rule Effective Date 4 3 1 Retrieving Product in Product Screen You can retrieve a previously entered record in the Summary screen as follows 1 Specify any or all of the following details in the Product Summary screen e Select the status of the record in the Authorized field If you choose the Blank Space option then all the records are retrieved e Select the status of the record in the Open field If you choose the Blank Space option then all the records are retrieved
111. urther information v2 ORACLE 10 1 10 1 1 10 Cash Management Account Introduction Cash Management Account is a money market fund in a portfolio of funds that is used for recovering ongoing fees and annuity payments related to the funds in the portfolio When the CMA is used for ongoing fee payments it is called as an Expense Management Account EPA and for Annuity as an Income Management Account IMA The system calculates the ongoing fees as well as the annuity payments for a period of one year The following constitute the balance in a CMA e The market value of the CMA fund e The Income Distributions of the CMA fund e Proportionate investments from other funds which form part of the portfolio at the time of initial investment for the projected ongoing fees e Proportionate investments from other funds during top ups when the balance in the CMA is insufficient to meet the projected ongoing fees for the transaction e Proportionate switches from other funds when the balance in the CMA is insufficient for a forthcoming annuities or fees The projected ongoing fees are calculated on the basis of the loads and load levels specified in the Product Load Maintenance and invested in the CMA The investment into the CMA becomes available for recovery of fees only during top up investments and not at the time of initial investment since the CMA fund becomes operational only after the initial investment You need
112. voke the Product Entity Summary screen from the browser Select the status of the record that you want to retrieve for deletion Specify any or all of the details of the record in the corresponding fields on the screen and click Search button All records with the specified details are retrieved and displayed in the lower portion of the screen Double click the record that you want to delete in the list of displayed records in the lower portion of the screen The Product Entity Detail screen is opened in View mode Select Delete operation from the Action list The system prompts you to confirm the deletion and the record is deleted physically from the system database Authorizing Product Entity An unauthorized record must be authorized in the system for it to be processed To authorize a record you must first retrieve the same in the Product Summary screen 1 2 Invoke the Product Entity Summary screen from the Browser Select the status of the record that you want to retrieve for authorization Typically choose the Unauthorized option from the drop down list Specify any or all of the details of the record in the corresponding fields on the screen Click Search button All records with the specified details that are pending authorization are retrieved and displayed in the lower portion of the screen Double click the record that you wish to authorize The Product Entity Detail screen is opened in View mode us
113. w to define a Product Class Each of these steps is explained in detail in subsequent sections e Invoke the System Parameter Codes Maintenance screen e Choose a language in the System Parameter Codes Maintenance screen e Define a Product Class in the System Params Value Maintenance screen The Parameter Code is PRODUCTCLASS e Save the information entered Refer to the chapter Maintaining System Parameters in Volume 1 of the Fund Manager User Manual for further information 2 1 3 1 3 2 3 2 1 3 Product Type Introduction You would have maintained various Product Classes The next step is to maintain various Product Types You can maintain different types of products in the system The Product Type is typically an indication of the investment type that the product typifies such as endowment annuity and so on Note Product Types can be defined through the Fund Manager component only The Product Type Maintenance screen allows you to capture the generic characteristics of the Product Type you wish to maintain The next section gives you step by step instructions to do the same Creating and Saving Product Type The following are the steps you need to follow to define a Product Type Each of these steps is explained in detail in subsequent sections e Invoke the Product Type Maintenance Detail screen e Enter information in the Product Type Maintenance Detail screen e Save the infor
114. x Summary Screen sss 6 4 6 3 1 Retrieving Product With Holding Tax in Product With Holding Tax Screen 6 4 6 3 2 Editing Product With Holding TaX iese ee SR ee a ee ee nne 6 5 6 3 3 Viewing Product With Holding Tax sse 6 5 6 3 4 Deleting Product With Holding Tax eene 6 5 6 3 5 Authorizing Product With Holding Tax seen 6 6 6 3 6 Amending Product With Holding Tax esses 6 6 6 3 7 Authorizing Amended Product With Holding Tax 6 6 Periodic Load 06 aasia a pee Cur 7 1 T2 Aptroductions iso mas nente tee ota ade t ete a tut 7 1 10 11 12 Management DO cece saatena va ceecatecaceencscdnsdaneanendscctasecueceuseectaxsnncdecss 8 1 9 1 dntroduction EE cis EE EE N ete de pee ede Een 8 1 8 2 Applying Management Fee iese dee esse ek ee Ge hene ette ttt sinit enean 8 1 8 2 1 Invoking Se TE EE EE ebd br ie Edad 8 1 8 2 2 Fields in Management Fee Applicability Screen sess 8 2 8 2 3 Saving Information Entered sse nnne 8 3 83 Management Fee Applicability Summary Screen esse ee de ee AR ee ee 8 3 8 3 1 Retrieving Management Fee Applicability memnnnenani 8 3 8 3 2 Editing Management Fee Applicability eese 8 4 8 3 3 Viewing Management Fee Applicability cesse 8 4 8 3 4 Deleting Management Fee Applicability
115. y Select this option to indicate the Product Type supports Life Insurance features If you select this option you will have to specify the life cover amount at the policy level During the initial investment the specified amount will be set aside for Life Insurance and the remaining amount will be invested in the policy Premium and Annuity Applicable Mandatory Select this option to indicate the Product Type supports Premium and Annuity oe ORACLE If you select this option you will have to specify Premium and Annuity details in the Product Maintenance screen The same is explained in the chapter Product If you do not select this option you will not have to specify Premium and Annuity details Retirement Feature Supported Mandatory If you select the option Yes you will be allowed to capture details such as the retirement age based on which the maturity date will be calculated Also the field Retirement Age in the Product Maintenance screen will be enabled only if you select the option Yes Allow Investment Into Money Market Funds Mandatory Select the option Yes to indicate the Product Type allows investment into Money Market Funds Override Age Limit Optional Select this box to indicate the age limits entered in this screen can be changed for a Product under this Product Type through the Product Maintenance screen Note The value you enter in the field Minimum Age
116. y to specify constituent details in the Policy Maintenance screen 9 ORACLE Auto Clear Prov Bal Indicate whether 100 outflow transactions based on the product should include provisionally allotted units You can specify any of the following options e Option not allowed Provisionally allotted units should not be considered while processing 100 outflow transactions e Allowed Default checked Provisionally allotted units should be considered while processing 100 outflow transactions by default e Allowed Default unchecked Provisionally allotted units will not be considered while processing 100 outflow transactions by default However you can check this option while performing transactions Generate Redemption for CGT Mandatory Select Yes to generate redemption for CGT KYC Applicable Mandatory If you select Yes the transaction limit will be checked at the time of capture of Policy Transactions Note System level existing workflow of KYC would still be applicable irrespective of the status selected Auto Clear Reinvestments Mandatory Indicate whether 100 outflow transactions based on the product should include freeze held and reinvestment units You can specify any of the following options e Option not allowed Freeze held reinvestment units should not be considered while processing 100 outflow transactions e Allowed Default checked Freeze held reinvestment units should be con
117. you have selected e f you have not a redemption transaction will be generated for funds you have marked as being applicable for Management Fee Note You can apply a Management Fee to funds through the Fund Manager component only The next section gives you step by step instructions to do the same Applying Management Fee The following are the steps you need to follow to apply a Management Fee to funds in a product Each of these steps is explained in detail in subsequent sections e Enter information in the Management Fee Applicability Detail screen e Save the information entered Invoking Screen You can invoke the Management Fee Applicability Detail screen by typing LEDMGMAP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button E ORACLE 8 2 2 8 2 2 1 The following screen is invoked Management Fee Applicability Detail New 53 Enter Query Product Details Product ID Product Name Details 1of1 Fund ID x Management Fee Applicable YES Input by DateTime Authorized by DateTime Mod No Open Authorized Fields in Management Fee Applicability Screen You can enter following details in the Management Fee Applicability Screen Product Details Section In the Product Details section you will have to enter information in the following fields Product ID Mandatory Select the ID of the produ
118. ystem AMC Asset Management Company BOD Beginning of Day CDSC Contingent Deferred Sales Charge CGT Capital Gains Tax CIF Customer Information File EOD End of Day EPU Earnings per unit FC IS Oracle FLEXCUBE Investor Services FMG The Fund Manager component of the system FPADMIN Oracle FLEXCUBE Administrator ID Identification IHPP Inflation Hedged Pension Plan IPO Initial Public Offering LEP Life and Endowment Products LOI Letter of Intent NAV Net Asset Value REG The Registrar component of the system ROA Rights of Accumulation ROI Return on Investment SI Standing Instructions SMS Security Management System URL Uniform Resource Locator Abbreviation Meaning Acronym VAT Value Added Tax WAUC Weighted Average Unit Cost Getting Help Online help is available for all tasks You can get help for any function by clicking the help icon provided or by pressing F1 2 1 2 2 2 Product Class Introduction The first step in the workflow is to define various Product Classes A Product Class describes the underlying investment philosophy of the Life and Endowment Product Note Product Classes can be defined through the Fund Manager component only You can maintain details for a Product Class in the System Parameters screen The next section gives you step by step instructions to do the same Maintaining Product Class The following are the steps you need to follo

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